Lindblad Expeditions (LIND) stock plummeted 5.21% in Thursday's intraday trading session, following the company's fourth-quarter earnings report that missed analyst expectations on profitability.
The expedition travel company reported a quarterly loss of $0.48 per share, significantly wider than the consensus estimate of a $0.23 per share loss. This missed earnings expectation appeared to overshadow the company's revenue performance, which came in at $148.61 million, beating the analyst consensus of $131.57 million.
Despite the revenue beat, investors appeared to focus on the larger-than-expected loss, driving Lindblad Expeditions' stock lower in a potential reaction to the company's struggles to maintain profitability amid rising costs or other operational challenges.
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