On May 28, Everpure declined 8.74% overnight, trading at $78.25/share, with trading volume of $783.
On the news front, the company reported quarterly earnings with GAAP EPS of $0.07, missing the consensus estimate of $0.08 by 12.5%, triggering profit-taking among investors. Revenue came in at $1.053 billion, exceeding expectations of $1.004 billion. Non-GAAP adjusted EPS of $0.47 also beat the $0.40 estimate. The company raised its full-year revenue guidance to $4.41–4.51 billion and issued Q2 revenue guidance of $1.10–1.11 billion, both above market expectations. Despite strong top-line performance and non-GAAP profitability, the GAAP earnings miss disappointed some investors. Combined with a notable pre-earnings rally in the stock price, concentrated profit-taking created significant downward pressure.
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