Shares of ITT Educational Services, Inc. ESI were down more than 16 percent on Tuesday after the company’s full-year 2014 earnings conference call, which took place in the morning.
Although the company’s earnings beat expectations, investors don't appear happy with the management’s comments and the outlook they provided. This has resulted in a reversion of the trend seen since last Friday.
Related Link: ITT Schools Shorts For 2nd Day In A Row
ITT had been in a rally since last Friday: between Friday and Monday, the stock price more than doubled.
Nonetheless, the stock is still up more than 98 percent since Friday morning. Year-to-date, however, it has fallen more than 50 percent. Shares traded recently at $4.73, down 14.4 percent on the day.
Below is a look at some of the social media commentary related to the stock:
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