Why Venture Global Stock Plummeted Today

Venture Global (NYSE: VG) stock got hit with heavy sell-offs in Thursday's trading. The liquefied natural gas (LNG) company's share price fell 36% in Thursday trading.Venture Global stock crashed on the heels of the company's recently published fourth-quarter report. In addition to shortfalls on sales and earnings for the period, the company's guidance also underwhelmed the market -- and investors are worried about costs surrounding a major new project. Venture Global released its Q4 report before the market opened this morning, posting earnings per share of $0.33 on revenue of $1.52 billion. For comparison, the average analyst estimate had targeted earnings per share of $0.76 on sales of $1.92 billion. Venture's sales unexpectedly fell 6.7% year over year in the period, and sales and margin performance came in well below somewhat cautious expectations. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool