ICU Medical Stock Plunged Today - Here's Why

ICU Medical, Inc. ICUI shares traded lower on Tuesday following mixed third-quarter results. Here's what happened.

What To Know: ICU Medical reported after the close of the market on Monday. Quarterly earnings of $1.57 per share beat the analyst consensus estimate of $1.38, a 10.29% decrease over earnings of $1.75 per share from the same period last year.

The company reported quarterly sales of $553.31 million, which lagged the analyst consensus estimate of $565.75 million. 

The figure represents a 7.45% decrease over sales of $597.86 million in the same period last year.

Shares of the company fell Tuesday on unusually high volume in response to the results. According to data from Benzinga Pro, the stock experienced an above-average trading volume of 1.34 million shares compared to its average volume of 214,124.

Related Link: What's Going On With Cigna Stock Today?

ICUI Price Action: Shares of ICUI plunged 17.3% on Tuesday, according to Benzinga Pro.

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