Why Is Quantum (QMCO) Stock Down 32% Today?

That report starts with the company's adjusted earnings per share of -29 cents for the year. That's down from the adjusted EPS of 3 cents per share reported by the company during fiscal 2023. QMCO Stock Drops on Guidance Read More:Penny Stocks — How to Profit Without Getting Scammed Adding to that is its revenue of $311.6 million for fiscal 2024. That's below the single $350 million estimate from Wall Street. It's also a 26.2% decrease year-over-year from $422.1 million. Things aren't looking much better fo ...