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MAPS / WM Technology (Weedmaps) shares fall sharply after it misses revenue target and issues warning

WM Technology (Weedmaps) shares fall sharply after it misses revenue target and issues warning
WM Technology Inc. MAPS, -3.08% shares fell 31% in premarket trades on Wednesday after the cannabis marketplace warned that its 2022 revenue would be flat-to-down in the mid-single digit percentage range in the second half of 2022, while the FactSet consensus implies growth of about 19.7%. The company said its second-quarter profit more than doubled to $11.69 million, or 13 cents a share, from $4.26 million, or a loss of 17 cents a share, in the year-ago quarter. Read More
Posted: Aug 10 2022, 09:04
Author Name: Market Watch
Views: 111694

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