With Energy (XLE) down 3.2%, this looks like a sector-led move rather than a company-specific surprise.
The energy sector, as measured by the XLE ETF, dropped significantly due to a sharp decline in oil prices. The price of both WTI and Brent crude fell as investors reacted to the Democratic party winning control of both chambers of the U.S. Congress, creating uncertainty about future energy and foreign policy. Additionally, renewed diplomatic efforts concerning Iran and recovering oil shipments from the Middle East are contributing to expectations of increased supply, further pressuring oil prices downward.