Why The Honest Company (HNST) Stock Is Nosediving
What Happened? Shares of personal care company The Honest Company (NASDAQ:HNST) fell 24% in the morning session after the company reported weak third-quarter results that missed revenue expectations and lowered its full-year forecast for sales and earnings. For the quarter, revenue fell 6.7% from the previous year to about $93 million, falling short of analyst expectations. The bigger concern for investors was the updated outlook. The Honest Company cut its full-year revenue projection from a prior estima ...