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Why BigBear.ai Stock Is Cratering Today

TheMotleyFool

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Shares of BigBear.ai (NYSE: BBAI) are falling hard on Tuesday, down 20% as of 1:36 p.m. ET. The drop comes as the S 500 and Nasdaq Composite has gained 0.9% and 1.1%, respectively.

The defense-focused artificial intelligence company reported its second-quarter earnings Monday after market close, falling well short of Wall Street's expectations.

BigBear reported a $0.71 loss per share on $32.5 million in revenue, missing analyst forecasts by a wide margin and representing an 18% year-over-year loss. Consensus estimates for the quarter had been for a $0.06 loss on $40.6 million in revenue.

Source Fool.com

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