This Supply Chain Stock Plummets 31%. Why Amazon Is Part of the Story.
1. SPS Commerce shares fell 23.73% after disappointing guidance. 2. Earnings of $1.13 beat estimates, but revenue missed projections at $189.9 million. 3. Seasonal impacts and Amazon policy changes negatively affected revenue recovery platform. 4. Fourth-quarter growth forecasted at 13-14%, a slowdown from earlier predictions. 5. Adjusted earnings expected between 98 cents and $1.02, below analyst expectations.