🔴 Hudson Technologies is trading 13% down in after-hours trading after third-quarter results missed expectations

Hudson Technologies is trading 13% down at $4.55 after October 28 third-quarter results missed expectations.

• Revenue was $59.4 million versus $74.0 million a year earlier; sales volume fell 9% and selling prices fell 17% amid soft HFC pricing and muted demand.
• Gross margin narrowed to 25% from 32%; net income was $2.0 million, or $0.05 per diluted share, versus $12.4 million and $0.27 a year earlier. The release most clearly explained the after-hours drop.