Why Life360 Stock Is Crashing Today
Life360 beat on revenue and still lost a quarter of its value. The story is all about the targets management didn't raise.
Overview
Life360 (NASDAQ: LIF) looks a bit lost this morning. The company reported Q2 results last night, and the stock is down 25.7% at 10:34 a.m. ET.
Image source: Getty Images.
The provider of location-sharing and family safety services posted solid results. Q2 revenue rose 38% year-over-year to $159 million. International top-line growth of 45% outpaced the domestic 25% increase. GAAP earnings fell from $0.08 to $0.06 per diluted share, including an early tariff refund of $3.6 million.
Details
Source
Originally published at www.fool.com.
Related Articles
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.