SharkNinja Stock Falls 17% After Soft Q4 Outlook, 15% Drop Despite Record Sales

SharkNinja's stock experienced a significant decline, dropping 17% on October 31, 2024, despite reporting third-quarter earnings that exceeded analysts' expectations. The company's CEO, Mark Barrocas, described SharkNinja as 'not your average appliance maker,' yet the market reacted negatively, with shares nosediving 15% following the earnings report. Analysts have expressed concerns over a soft outlook for the fourth quarter, contributing to the stock's downturn. This decline comes in the wake of record-breaking sales and profits reported by the company.