Talkspace Inc. is set to lose more than a third of its value Tuesday after the teletherapy company posted disappointing results and announced the departure of several key executives.
Chairman Douglas Braunstein will serve as interim CEO while Talkspace looks for a permanent replacement. The results sparked a downgrade at Citi. “While the issues this quarter were easily diagnosed , we do not think they will be easily remedied,” Citi Research analyst Daniel Grosslight wrote in a note to clients.
“The quarter was disappointing, but almost did not matter in comparison to the broader dynamics — including management turnover and pulling FY/long-term guidance,” he wrote. “We underappreciated how quickly execution challengesWilliam Blair analyst Ryan Daniels sounded relatively more upbeat about the stock’s prospects.
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Three factors that could be pressuring Walmart after reporting an earnings beatNew for subscribers: Three factors that could be pressuring Walmart after reporting an earnings beat. Check out CNBCPro today. Pro
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European markets set for lackluster open with earnings and data in focusEuropean stocks are set for a muted open on Tuesday as investors await key economic data and digest a slew of corporate earnings. nice Inflation up, GDP flat, margins squeezed. Shocking, I know.
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