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Why JetBlue Stock Crashed Today

TheMotleyFool

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Why JetBlue Stock Crashed Today: https://g.foolcdn.com/editorial/images/840054/jetblue-2018_05_10-12_39_51-utc.jpg

JetBlue Airways (NASDAQ: JBLU) stock tumbled 10.9% through 12:40 p.m. ET Tuesday despite reporting a "meet or beat" quarter this morning.

Heading into its Q3 report, analysts expected JetBlue to report $0.42 per share in losses on sales of $2.32 billion. They got the revenue number right (a "meet"), but JetBlue actually lost only $0.40 per share in the quarter (and that's a "beat").

So why aren't investors happier about this?

Source Fool.com