Primoris Services Stock Plunges After Guidance Cut and Management Missteps
Primoris Services' stock has plunged after the company cut its full-year earnings outlook due to cost overruns in renewables projects and announced management missteps, coinciding with the departure of its Chief Operating Officer.
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Primoris Services plunges after cutting guidance on renewables cost overruns; COO departs
Read full article →Primoris Services Crashes Again As Guidance Cut And Mgmt Missteps Spook Wall Street
Primoris Services Crashes Again As Guidance Cut And Mgmt Missteps Spook Wall Street Shares of Primoris Services crashed in premarket trading after the infrastructure contractor slashed its full-year earnings outlook (again) and announced the departure of its chief operating officer. The specialty construction and infrastructure contractor, which builds, maintains, and engineers critical infrastructure for utilities, energy, renewables, pipelines, power generation, industrial, ch...
By Tyler Durden
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