Here's Why WalkMe Stock Is Crashing Today
Shares of WalkMe (NASDAQ: WKME), a software development tools platform company, were falling this morning after the company reported a worse-than-expected loss in the first quarter. Investors were likely also responding to several negative notes about the stock from analysts today.
The tech stock was down by 25% as of 10:28 a.m. ET.
WalkMe reported a loss of $0.27 per share in the first quarter, which was an improvement from the company's loss of $1.71 in the year-ago quarter, but was lower than analysts' average estimate of a loss of $0.23 per share.
Source Fool.com
