Why Franklin Covey Stock Plummeted Today
Franklin Covey's latest quarterly results and forward guidance disappointed investors.
Overview
Franklin Covey (NYSE: FC) stock got hit with a double-digit pullback in Thursday's trading. The company's share price closed out the day down 12.9%. The S&P 500 ended the day roughly flat, and the Nasdaq Composite ended the session down 0.8%.
After the market closed on July 1, Franklin Covey published results for the third quarter of its 2026 fiscal year -- which ended May 31. Sales and earnings for the period came in below Wall Street's forecasts, and the company's forward guidance also came in below expectations.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.