Why Badger Meter Stock Plunged Today

Badger Meter delivered impressive but less-than-perfect Q3 results, sending its shares down today. Shares of leading water solutions provider Badger Meter (BMI -9.46%) plunged 9% as of 12:30 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence. This drop comes in spite of the "smart water" industry specialist announcing sales, earnings-per-share, and cash from operations growth of 12%, 23%, and 43% on its third-quarter earnings call this morning. Despite these otherwise impressive ...