Why Is American Vanguard (AVD) Stock Down 28% Today?

American Vanguard (NYSE:AVD) stock is falling on Friday after the specialty chemicals company announced its earnings for the second quarter of 2024.The bad news for AVD stockholders starts with the company’s diluted earnings per share of -9 cents. That’s nowhere close to the 12 cents per share Wall Street was expecting. It’s also worse than the -4 cents per share reported in the same period of the year prior.Adding to this is the company’s revenue of $128.21 million in Q2. Yet again, that failed to reach an ...