Rubicon Technologies Stock Tanks After Q1 Results: Here's Why
Portfolio Pulse from Erica Kollmann
Rubicon Technologies (NYSE:RBT) reported a 9.96% decrease in Q1 sales and a quarterly loss of 33 cents per share. Despite positive comments from the CEO about strategic moves and future growth, the stock fell 36% after hours.
May 20, 2024 | 8:57 pm
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Rubicon Technologies reported a 9.96% decrease in Q1 sales and a quarterly loss of 33 cents per share. Despite strategic moves and positive comments from the CEO, the stock fell 36% after hours.
The significant drop in sales and quarterly loss overshadowed the positive strategic moves and CEO's comments, leading to a 36% decline in the stock price after hours.
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RELEVANCE 100