Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,896.81
    +19.76 (+0.25%)
     

  • Bitcoin USD

    64,714.50
    +1,098.28 (+1.73%)
     

  • CMC Crypto 200

    1,375.81
    +63.18 (+5.06%)
     

  • S&P 500

    4,992.53
    -18.59 (-0.37%)
     

  • Dow

    37,940.71
    +165.33 (+0.44%)
     

  • Nasdaq

    15,430.73
    -170.77 (-1.09%)
     

  • Gold

    2,407.90
    +9.90 (+0.41%)
     

  • Crude Oil

    83.15
    +0.42 (+0.51%)
     

  • 10-Yr Bond

    4.6170
    -0.0300 (-0.65%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

The Surprising Reason Chart Industries Stock Crashed Today

Neha Chamaria, The Motley Fool
·2-min read
The Surprising Reason Chart Industries Stock Crashed Today

Shares of Chart Industries (NYSE: GTLS) crashed today, having tumbled 10.7% as of 11:35 a.m. EDT after releasing third-quarter numbers that fell short of analysts' estimates. Chart Industries manufactures a wide range of servicing equipment for the energy and industrials sectors under four segments: cryogenic tank solutions; heat transfer systems; repair, service, and leasing; and specialty products. If you're wondering why Chart Industries' net income declined despite such strong top-line growth, here's what happened: Although the company increased prices for most products last quarter, those increases weren't enough to offset the rise in costs for raw material, containers, and freight.

Continue reading