Why Skillz Stock Dropped After Earnings

·1 min read
Why Skillz Stock Dropped After Earnings

Shares of mobile games platform Skillz (NYSE: SKLZ) are down 6.4% as of 11:30 a.m. EDT today, after the company missed earnings badly in its quarterly report released after market close yesterday. Instead of $0.10 per share, Skillz lost more than twice that -- $0.21 per share. On the plus side, Skillz reported $89.5 million in sales for the quarter, more than the $88.2 million analysts had predicted and more than a 50% improvement over last year's Q2.

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