ImmuCell Stock Falls 8.8% Despite Y/Y Earnings & Sales Growth in Q2
ImmuCell Corp.'s stock fell 8.8% after reporting Q2 results in which sales rose 11.5% year over year but margins contracted. A $2-million legal settlement boosted profit, and the company is planning a capacity expansion.
Why it matters — ICCC watchers would care because the revenue growth is offset by margin contraction, and the profit was aided by a one-time legal settlement while the company prepares for a capacity expansion.