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Why Target Hospitality (TH) Shares Are Sliding Today

What Happened? Shares of workforce housing company Target Hospitality (NASDAQ:TH) fell 5.9% in the morning session after the company reported a net loss for its third quarter, a significant reversal from the profit it posted in the same period a year earlier. Target Hospitality announced a net loss of 0.01pershare,asharpcontrasttothe0.01 per share, a sharp contrast to the 0.20 per share profit from the prior year's quarter. Adjusted EBITDA, a measure of profitability that removes the effects of financing and accounting decisions, also ...