Why Opera Stock Sank This Week
Opera beat Wall Street's sales target in Q2, but that wasn't enough for investors.
Overview
Opera (NASDAQ: OPRA) stock moved lower this week following the release of the company's second-quarter report. The company's share price ended the week down 6.7% and had been off as much as 9.2% from where it stood at the end of the previous week's market close before seeing some recovery.
Opera published its Q2 report before the market opened on Wednesday and reported a sales beat in the quarter. While the company's non-GAAP (adjusted) earnings met the average Wall Street analyst estimate, some investors were betting on a beat and sold out of the stock in response.
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Details
Source
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.