Why Powell Industries Fell Today
Shares of Powell Industries (NASDAQ: POWL) fell as much as 12.4% on Wednesday, before recovering to a 6.5% decline as of 1 p.m. ET.
Powell reported fiscal third-quarter earnings that missed on the top line, but managed to beat in terms of profits.
Yet while overall revenue may have disappointed, the underlying trajectory of the company appears better than it may look at first glance.
Source Fool.com
