This Digital Promotions Stock Is Sinking 39% After Earnings. Here’s Why.
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Shares of Ibotta were falling sharply after the performance marketing platform reported disappointing quarterly results after markets closed Wednesday. Ibotta stock fell 39% to $38.35 in trading Thursday, putting it on track for its largest daily percentage decrease on record, according to Dow Jones Market Data. Revenue of $98.38 million was below the consensus estimate for $103.6 million.
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