MNTN is trading 9.5% down at $9.07 after reporting Q2 results where an earnings miss and the absence of a guidance raise outweighed a slight revenue beat.

  • Investors focused on the EPS shortfall and the decision to only reaffirm full-year guidance, driving selling pressure in thin after-hours trading.
  • The decline comes despite the company reporting strong margin expansion and authorizing a new $100 million share buyback program.