3 Major Takeaways From Wish's Latest Earnings

Online retailer Wish -- which trades as ContextLogic (NASDAQ: WISH) -- must be wishing it could take a mulligan. Wish reported a huge earnings miss last week, and shares crashed over 20% following the announcement.

At $6.87, the stock is down more than 60% year to date and far below its $24 initial public offering price. Clearly, investors in Wish -- including me -- are disappointed with how things have turned out.

But beyond the headlines, Wish's latest earnings release offers some reasons to be hopeful. So let's take a closer look at Wish's results -- and what could lie ahead for this company.

Source Fool.com