Klarna Stock Plunges After Trimming Full-Year Guidance Amid German Retail Slowdown
Klarna's stock plunged by 20% after the company trimmed its full-year revenue and volume outlook, citing a slowdown in German retail sales. The company also announced a CFO transition for 2027, though its Q2 revenue still beat expectations.
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Bath & Body Works Surges on Stock Recommendation; Klarna Drops on Guidance | Stock Movers
On this episode of Stock Movers: - 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 profit beat for the second straight quarter. - Shares of Amylyx Pharmaceuticals (AMLX) extended its rally in the early session to as much as 54%, after the drug developer said a late-stage trial of i...
Read full article →Klarna stock slumps after guidance cut, upcoming CFO transition; Q2 revenue beats
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