Bumble stock plunges 14% despite strong quarterly figures

Bumble (BMBL.US) stock fell more than 14% despite the fact that the company recently posted better than expected quarterly figures. The dating service operator reported earnings of $1.69 per share, while analysts' expected loss of 4 cents per share. Revenue alspo beat market expectations. The company raised its forward revenue guidance with more people returning to dating as the pandemic recedes, but some Wall Street analysts said that the raise appeared conservative and lowered their price targets.

Bumble (BMBL.US) stock fell sharply below IPO price and reached all-time low at $41.01. Source: xStation5

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