Klarna Cuts Annual Outlook, Replaces CFO and CMO... Shares Fall 21%

KLAR Klarna Group plc

$13.46 +1.58%

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1. 1Klarna Group (KLAR) shares fell 21% after the company lowered its annual outlook and announced the replacement of its CFO and CMO
2. 2Revenue was cut to $4.08 billion-$4.16 billion from $4.34 billion, while GMV was revised to $149 billion-$151 billion and adjusted operating income to $280 million-$300 million
3. 3Second-quarter results beat expectations, but the weaker guidance overshadowed the beat, with the stock nearly halved from the start of the year

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