Bowlero Corp. stock plunges nearly 17% after 3Q earnings release; numerous law firms say they're investigating company for potential securities law violations
JEFF RICHGELS | Posted: 5/18/2023, 6:00 PM
Bowlero Corp. stock plunged nearly 17% on Thursday after it released fiscal third-quarter earnings that missed analysts’ estimates, even while it posted record revenue.
Zacks Equity Research in this story Wednesday reported that Bowlero (NYSE:BOWL) after the markets closed on Wednesday reported fiscal third-quarter earnings of $0.26 per share, missing the Zacks consensus estimate of $0.27 per share, and down from earnings of $0.30 per share for the same quarter a year ago. (The figures are...