Why Etoro Stock Is Plummeting This Week
Etoro's quarterly results were better than expected. So why has the stock suffered a double-digit sell-off?
Overview
Etoro (NASDAQ: ETOR) stock is falling this week despite a better-than-expected second-quarter report. The trading platform specialist's share price was down 17.9% in the week's trading heading into Friday's market open.
Etoro published its Q2 results on Aug. 11 and reported sales and earnings for the period that topped Wall Street's forecasts. On the other hand, investors are taking a cautious approach to the company's near-term outlook and to the announcement of a significant acquisition.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.