Tractor Supply Company's (NASDAQ: TSCO) stock plummeted over 5% in pre-market trading on Thursday, following the release of its fourth-quarter earnings report that missed analyst expectations.
The company reported quarterly earnings per share of $0.44, falling short of the consensus estimate of $0.46 by 4.35%. Additionally, Tractor Supply's revenue of $3.77 billion narrowly missed the projected $3.78 billion, marking a 0.31% miss.
Despite the disappointing financial results, the company's sales saw a 3.09% year-over-year increase, rising from $3.66 billion in the same period last year. However, this growth was not enough to alleviate investor concerns, leading to the pre-market plunge in Tractor Supply's stock price.
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