Stock Track | Riskified Plunges Nearly 23% Despite Q2 Beat and Raised Profitability Outlook

Stock Track08-15

Shares of Riskified Ltd. (RSKD) plummeted nearly 23% on Wednesday, despite the e-commerce fraud prevention company reporting better-than-expected second-quarter earnings and raising its full-year adjusted EBITDA guidance for the second consecutive quarter.

For the quarter ended June 30, Riskified reported non-GAAP earnings of $0.04 per share, beating analysts' estimates of $0.03 per share. Revenue rose 8.2% year-over-year to $78.73 million, also exceeding expectations of $78.5 million.

While Riskified slightly lowered its full-year 2024 revenue guidance to a range of $320 million to $325 million from the previous range of $323 million to $335 million, the company raised its adjusted EBITDA guidance for the second consecutive quarter. Riskified now expects full-year adjusted EBITDA between $13 million and $19 million, up from its previous guidance of $10 million to $16 million.

The stock initially surged around 5-6% in premarket trading following the earnings release but then sharply reversed course and plunged nearly 23% during the regular trading session. No specific negative news or events were reported that could directly explain the steep intraday decline.

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(RSKD) plummeted nearly 23% on Wednesday, despite the e-commerce fraud prevention company reporting better-than-expected second-quarter earnings and raising its full-year ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RSKD","symbol_name":"Riskified Ltd.","start_time":0,"source_url":"","article_id":"1193477074","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193477074","pubTimestamp":1723667545,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Riskified Ltd.  plummeted nearly 23% on Wednesday, despite the e-commerce fraud prevention company reporting better-than-expected second-quarter earnings and raising its full-year adjusted EBITDA guidance for the second consecutive quarter.For the quarter ended June 30, Riskified reported non-GAAP earnings of $0.04 per share, beating analysts' estimates of $0.03 per share. 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