Fintech Concerns as Guidance Stumbles

about 1 month ago

Lisa Mateo

"We're going to Jack Dorsey's block. Okay. Sticker XYZ. Their shares are taking a hit down as much as 15% actually. Um, you know, the fintech company, right? Raised its full-year profit forecast, posted strong growth consumer banking. But the thing is its third quarter revenues fell short. That's why their shares are lower. Um the third time Glock, you know, has adjusted guidance this year and and they stumbled back in May after it reduced its guidance."

The fintech company with ticker XYZ is facing headwinds as its shares drop by about 15% due to a shortfall in third-quarter revenues despite a raised full-year profit forecast and strong consumer banking growth, compounded by recurring revisions to its guidance.

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