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Fairmount Santrol (FMSA) Stock Plunges on Preliminary Q2 Results

NEW YORK (TheStreet) -- Shares of Fairmount Santrol (FMSA) are tumbling 20.07% to $6.49 on heavy trading volume late Friday morning as the company sees a wider-than-expected loss for the 2016 second quarter.

After yesterday's market close, the Chesterland, OH-based company said it expects its 2016 second quarter loss to be between 56 cents and 58 cents per diluted share.

Analysts are modeling a loss of 13 cents...