Klarna Shares Plunge on Missed Revenue Guidance; Bath & Body Works Sees Stock Surge
Guidance·1 article across 1 outlet
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Shares of Klarna (KLAR) plunged in premarket trading after the payments company reported full year revenue and gross merchandise value guidance that missed expectations. The company cited foreign exchange pressures and volumes in Germany, even as it reported a pro.
In contrast, Bath & Body Works experienced a surge in its stock, reflecting positive market sentiment towards the company amidst the broader trading activity.
KlarnaBath & Body Works
Sources
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SourceReports the news
“Shares of Klarna (KLAR) plunged in premarket trading after the payments company reported full year revenue and gross merchandise value guidance that missed expectations.”
Bloomberg — Bath & Body Works Surges on Stock Recommendation; Klarna Drops on Guidance | Stock Movers