MNTN is trading at $8.99 (10.3% down) after reporting Q2 results where a significant EPS miss overshadowed a revenue beat.
- Investors are focused on the weaker-than-expected $0.09 EPS, reassessing valuation despite 21% year-over-year revenue growth and gross margin expansion.
- Selling pressure is being driven in thinner after-hours trading despite the announcement of a new $100 million share buyback program.