News Formal

Eventbrite stock plummets 20% after earnings miss, revenue beat

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Eventbrite stock plummets 20% after wider-than-expected loss, weak outlook

Eventbrite Inc. EB, +3.15% shares plunged more than 20% in the extended session Thursday after the company reported wider-than-expected losses but beat revenue expectations. Eventbrite also issued weak first-quarter guidance. The online ticketing company reported fourth-quarter net losses of $13 million, or 17 cents a share, compared with losses of $18.3 million, or 89 cents a share, in the year-ago period. Revenue rose to $75.9 million from $62.7 million in the year-ago period.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

It’s Been a Rough 20 Years for Stocks. The Next 20 Should Be a Lot Better“We are coming off 20 of the worst years for compounded returns since the Great Depression,” says DataTrek’s Nicholas Colas. Now it’s time to revert to the mean.
Source: MarketWatch - 🏆 3. / 97 Read more »