NasdaqCM:VRRMProfessional Services
Verra Mobility (VRRM) Stock Price Faces Margin Pressure After One Off Loss
Verra Mobility stock was already on a rough road over the past three months and today the brakes slammed harder as the share price fell 8.7% to US$5.12. The trigger was not a revenue miss. Quarterly revenue came in at US$263.6m and adjusted earnings per share reached US$0.38, while the headline number was a GAAP net loss of US$48.2m, driven largely by a non cash impairment in the Parking Solutions unit. The market is treating that loss as the whole story. The real question is whether that...