Redfin CEO addresses ‘painful' restructuring; stock dips 11% after Q4 earnings miss expectations
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Redfin's CEO discussed a 'painful' restructuring after the company missed Q4 earnings expectations, leading to an 11% drop in stock price.
February 28, 2025 | 1:30 am
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Redfin's stock dropped 11% following a Q4 earnings miss and the CEO's comments on a 'painful' restructuring.
The stock price of Redfin (RDFN) fell by 11% due to the company's Q4 earnings missing expectations. The CEO's comments on a 'painful' restructuring likely contributed to investor concerns, leading to the stock's decline.
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