EarningsThe results of its second quarter ended June 30 were below expectations, leading to a stock sell-off.
Financial PerformanceRevenues in the second quarter increased 3.9% to $152.9 million, falling short of the estimate of $154.0 million and management’s guidance of $153-155 million.
GuidanceInitial guidance for the third quarter was sharply below expectations, prompting concerns about future performance.