Episode Details
Back to EpisodesRemitly’s 78% Earnings Miss — When 21% Customer Growth Means Nothing
Season 1
Episode 59
Published 11 months, 4 weeks ago
Description
Remitly's stock is in a "total bloodbath," hitting a new 52-week low despite posting 21% customer growth and raising its full-year guidance. What went wrong? The company just delivered a 78% gut-punch on its earnings-per-share, missing Wall Street's expectations by a mile.