Badger Meter Shares Drop Despite Q2 Earnings Beat
Despite beating earnings estimates in the second quarter, Badger Meter's shares fell over 14% due to concerns about declining revenue and weak margins. The company reported GAAP EPS of $1.02 with revenue at $222.3M, both slightly above expectations but down year-over-year.
Tickers: $BMI
Topics: earnings revenue decline stock price drop