On May 28, Everpure declined 8.4% in pre-market trading, trading at $78.96/share with trading volume of $426,800.

On the news front, the company reported its latest quarterly earnings with GAAP EPS of $0.07, missing the consensus estimate of $0.08 by 12.5%. Revenue came in at $1.053 billion, surpassing expectations of $1.004 billion. Non-GAAP adjusted EPS of $0.47 also exceeded the $0.40 estimate. The company raised its full-year revenue guidance to $4.41–$4.51 billion and provided Q2 revenue guidance of $1.10–$1.11 billion, both above market expectations.

Despite robust top-line performance and non-GAAP profitability, the GAAP earnings shortfall disappointed investors. Combined with the stock having rallied over 5% in the week prior to the earnings release, concentrated profit-taking emerged, creating significant downward pressure in pre-market trading.

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