Badger Meter Inc. (BMI) reported first quarter EPS of $0.20 after the bell Tuesday, down from $0.42 in the prior year. The consensus estimate was for EPS of $0.50.
Badger Meter gapped open sharply lower Wednesday and steadily declined until noon. The stock finished down by 7.52 at $44.80 on the highest volume in 5 months. Badger Meter sank to a 3-month low.
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