Why Embecta Stock Is Tanking Today

Shares of Embecta (EMBC.V -14.58%) were tanking on Friday, falling 13% lower as of 10:54 a.m. ET. The decline came after the diabetes care company reported its fiscal year 2024 first-quarter results.Despite the big sell-off, Embecta reported positive Q1 results. The company generated revenue in the quarter of $277.3 million, up 0.6$264.9 million.Embecta also posted earnings of $20.1 million, or$0.35 per share, based on generally accepted ac ...