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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 0.29pershare,widerthantheconsensusestimateforalossof0.29 per share, wider than the consensus estimate for a loss of 0.15. While revenue grew 50.7% year-over-year to 103.4million,thefigurestillfellshortofWallStreetsexpectationof103.4 million, the figure still fell short of Wall Street's expectation of 132 million. Compounding the negative senti ...