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Matrix Service Stock Plummets Nearly 14% After Disappointing Earnings Report
Matrix Service Stock Plummets Nearly 14% After Disappointing Earnings Report
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BTCCSquare news:
Matrix Service (MTRX) shares tumbled 13.89% on Wednesday, sharply underperforming the broader market as the S&P 500 edged 0.3% higher. The sell-off followed a fiscal Q4 2025 report that missed both top and bottom-line expectations, with revenue reaching $216 million versus $286 million analyst forecasts.
The infrastructure specialist posted a $7.8 million adjusted net loss ($0.28/share), doubling last year's $3.9 million deficit. Project cost overruns in oil sector contracts and restructuring charges weighed on profitability, despite a 6% increase in project awards and strong utility segment demand.
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