Par Pacific Holdings (PARR) stock plummeted 10.27% on Wednesday during the trading session, following the company's Q4 earnings report released on Tuesday.
PARR reported a Q4 adjusted net loss of $0.79 per diluted share, missing analyst estimates of a $0.97 loss. However, revenue of $1.83 billion for the quarter beat expectations of $1.68 billion.
The worse-than-expected earnings results seem to have spooked investors, driving the sharp sell-off in PARR shares on Wednesday.
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