Why GreenSky Stock Tanked Today

Why GreenSky Stock Tanked Today

Shares of GreenSky (NASDAQ: GSKY) have tanked today, down by 21% as of 1 p.m. EDT, after the company reported second-quarter earnings. The results topped expectations, but investors are disappointed that GreenSky has chosen not to sell itself. Revenue in the second quarter was $133 million, easily beating the consensus estimate of $100 million in sales.