Klarna (KLAR) Stock Falls 6% Before Q2 Earnings Today – Here’s Why
TLDR
- Klarna stock dropped 6.1% to $19.53 on Monday, with trading volume 84% below average.
- Q2 earnings drop Tuesday before market open; Wall Street expects a loss of $0.05 per share on revenue of $992.8 million.
- Analysts hold a “Moderate Buy” consensus with a mean price target of $24.55, implying around 18% upside.
- Klarna applied for a U.S. banking license in early July, though analysts see limited EPS benefit given its existing European banking license.
- Last quarter Klarna beat estimates by posting a $0.01 loss versus the expected $0.20 loss, with revenue of $1 billion.
Klarna (KLAR) stock dropped 6.1% to $19.53 on Monday, the day before its second-quarter earnings report. The stock had closed the prior session at $20.79. Trading volume came in at roughly 887,765, about 84% below the average daily volume of 5.3 million.
The move came ahead of Tuesday’s pre-market earnings release, with investors watching closely to see if the buy-now-pay-later firm can keep narrowing its losses.
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