PI Industries falls 15% to six-year low after Q2 concerns
In short
PI Industries shares dropped 15% and hit a six-year low after Q2 results disappointed. The company said margins were hurt by higher input costs and pricing pressure from El Nino and genericization.
What the reporting says
The company said margins were hurt by higher input costs and pricing pressure linked to El Nino and genericization.
Why it matters
PI Industries shares dropped 15% to a six-year low after its Q2 results disappointed investors.