Grab Stock Is Trading Lower After Q1: Here's The Details
Portfolio Pulse from Anusuya Lahiri
Grab Holdings Limited (NASDAQ:GRAB) reported Q1 FY23 revenue growth of 130% YoY to $525 million, beating the consensus of $490.1 million. EPS loss of $(0.06) is in line with the consensus. The company reiterated its FY23 revenue outlook of $2.20 billion - $2.30 billion. GRAB shares traded lower by 1.55% at $3.17 premarket.
May 18, 2023 | 1:19 pm
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Grab Holdings reported Q1 FY23 revenue growth of 130% YoY, beating consensus. The company reiterated its FY23 revenue outlook. GRAB shares traded lower by 1.55% premarket.
Grab Holdings reported better-than-expected Q1 FY23 revenue growth and reiterated its FY23 revenue outlook. Despite the positive results, GRAB shares traded lower by 1.55% premarket, indicating a short-term negative impact on the stock price.
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