NEWT · NASDAQ
NEWT · NASDAQ
10.70 USD
-0.31 (-2.86%)
NEWT fell 2.8% in the first sharp move today as a broad risk-off selloff hit U.S. equities and volatility surged. The move followed NewtekOne's October 28 Q3 report of $0.34 diluted EPS source and October 30 reductions in Q4 sales and EPS consensus estimates. The market-wide decline drove most of the move, while the lower earnings outlook added company-specific pressure.
NEWT fell 2.8% in the first sharp move today as a broad risk-off selloff hit U.S. equities and volatility surged. The move followed NewtekOne's October 28 Q3 report of $0.34 diluted EPS source and October 30 reductions in Q4 sales and EPS consensus estimates. The market-wide decline drove most of the move, while the lower earnings outlook added company-specific pressure.