Why JetBlue Stock Crashed Today
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
Jetblue Airways Corp. Stock
€4.13
3.400%
The sentiment is rather negative at the moment with 9 Sell predictions and 1 Buy predictions.
A potential of -27.3%, resulting from comparing the current price of 4.13 € with the target price of 3 € for Jetblue Airways Corp., shows the chance of incurring significant losses.
