NerdWallet shares plunge 30.2% as earnings miss expectations
NRDS Nerdwallet Inc
$7.42 -5.12%
View chart & analysis → - 1NerdWallet shares plummeted 30.2% as of 1 p.m. ET on Friday.
- 2Analysts projected NerdWallet to report earnings per share of $0.34 and revenue of $251.9 million.
- 3Management warned of a sharp slowdown, with revenue for this quarter expected to decrease to approximately $197 million.
So what's the key point?
NerdWallet shares fell sharply by 30.2% as revenue declined. The results were lower than what experts had predicted, which surprised investors.
Source The Motley Fool +1 · View original ↗
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