Earnings
Home›Earnings›Previews›Klarna shares plunge after earnings top views, guidanc…
Klarna shares plunge after earnings top views, guidance lowered
The consumer financing firm reported second-quarter earnings that beat expectations, but its lowered guidance triggered the selloff.
Klarna’s stock dropped on Tuesday after the consumer financing company reported second-quarter results that topped views, while also cutting its guidance.
According to Yahoo Finance, the guidance reduction outweighed the earnings beat, driving the plunge in Klarna shares shortly after the results were released.
← Newer storyNasdaq moves toward near 23-hour stock trading with December launchOlder story →Term and whole life premiums vary sharply by age and policy type