Byrna Technologies Drops Over 15% In Pre-Market After Q1 Net Income Declines

Byrna Technologies reported a decline in first-quarter net profit, and its shares fell more than 15% in pre-market trading. Management cited increased expenses and foreign-related factors as the primary drivers of the profit decline (article text truncated). This is a company-specific negative earnings development likely to pressure the stock near term.

Analysis

Byrna Technologies reported a decline in first-quarter net profit, and its shares fell more than 15% in pre-market trading. Management cited increased expenses and foreign-related factors as the primary drivers of the profit decline (article text truncated). This is a company-specific negative earnings development likely to pressure the stock near term.