Why Redwire (RDW) Stock Is Nosediving
What Happened? Shares of aerospace and defense company Redwire (NYSE:RDW) fell 18.4% in the morning session after the company reported third-quarter financial results that missed analyst estimates and lowered its full-year revenue forecast. Redwire announced a GAAP loss of 0.15. While revenue grew 50.7% year-over-year to 132 million. Compounding the negative senti ...