Badger Meter Stock Falls 18% Over Lower Q1 Earnings, Agreement To Acquire UDlive For $100 Mln

Badger Meter reported first-quarter earnings of $27.33 million, or $0.93 per share, down from $38.40 million, or $1.30 per share a year ago. The stock fell about 18% in Friday morning trading on the weaker earnings result. The report points to a material deterioration in profitability and near-term investor sentiment.

Analysis

Badger Meter reported first-quarter earnings of $27.33 million, or $0.93 per share, down from $38.40 million, or $1.30 per share a year ago. The stock fell about 18% in Friday morning trading on the weaker earnings result. The report points to a material deterioration in profitability and near-term investor sentiment.