News Formal

Arm, Instacart and Klaviyo’s earnings are another reason for IPO buyers’ remorse

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

After their IPOs fizzled in the aftermarket, the companies first earnings reports also missed the target

First their initial public offerings fizzled in the days following their debuts. Now their earnings have disappointed.

“These companies went public at nosebleed valuations,” said Trainer. “Investors should avoid investing in stocks with such high valuations. Just because a company goes public, doesn’t mean it’s a good investment. Remember Wall Street tried to IPO WeWork at a $47 billion valuation, and its equity is worth $0 today.”The biggest deal of the three was that of Arm, which was widely anticipated and touted as a test of appetite for big tech deals, coming after a glut of such offerings.

But its guidance for the third quarter of $720 million to $800 million in revenue, along with 21 cents to 28 cents in adjusted EPS, disappointed investors by coming up short at the midpoint. The FactSet consensus was for $776 million on the top line and 27 cents in adjusted EPS. Read now: Instacart IPO: 5 things to know about the app that’s looking to ride a ‘massive digital transformation’ in grocery shopping

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Instacart Beats Estimates in First Earnings Report Since IPOThird-quarter revenue of $764 million was up 14% from a year earlier and ahead of Street consensus.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Arm beats sales expectations in first post-IPO earnings report, but guidance falls shortArm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Bron: NBCNewYork - 🏆 270. / 63 Lees verder »

Arm beats sales expectations in first post-IPO earnings report, but guidance falls shortArm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Arm’s first earnings report since IPO comes with a disappointing forecastForecast for the December quarter comes up short at the midpoint
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Arm reports first post-IPO earnings and the stock is down 7%Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Bron: NBCLA - 🏆 319. / 59 Lees verder »