Eventbrite crashes below its IPO price
plunged nearly 30% Friday morning after delivering disappointing fourth-quarter and fiscal-year 2019 results.Shares hit a low of $22.76 early Friday.Eventbrite missed Wall Street estimates for the fourth quarter, sending shares down nearly 30% and to their lowest level on record.
The company said it posted an adjusted loss of $0.17 a share, compared to the $0.11 loss that analysts were expecting, according to analysts surveyed by Bloomberg. Net revenue for the fourth quarter grew by 21% to $76 million, ahead of Wall Street's consensus estimate of $73 million. In addition, the online-event-management-and-ticketing company said it sees 2019 first-quarter revenue of between $80 million and $84 million, well shy of the $91 million that was anticipated.
The news sent Eventbrite shares briefly below their September initial public offering price of $23. They hit a low of $22.76 before reclaiming the $23 level.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Eventbrite stock plummets 20% after earnings miss, revenue beat
Lire la suite »
Eventbrite crashes 25% after giving weak revenue guidanceThe company said it sees first-quarter revenue between $80 million and $84 million. That's far short of the $91 million analysts polled by Refinitiv had forecast.
Lire la suite »
Kroger shares plunge after earnings, revenue missKroger reported earnings before the bell Thursday.
Lire la suite »
Kohl's is rallying after giving rosy earnings guidanceKohl's gained 4.72% early Tuesday after posting better-than-expected fourth-quarter profits and giving rosy full-year earnings guidance.
Lire la suite »
GNC shares jump premarket as news of new venture offsets earnings miss
Lire la suite »
Stocks making the biggest moves after hours: Costco, Eventbrite and moreSee which stocks are posting big moves after the bell on March 7.
Lire la suite »
Eventbrite lost one-third of its value after revealing merger struggles, now trading below IPO priceEventbrite lost one-third of its value after revealing struggles with Ticketfly merger, and is now trading below its IPO price
Lire la suite »