Why Enfusion Stock Is Plummeting Today
Shares of Enfusion (NYSE: ENFN), a software-as-a-service company, were falling hard today after the company reported its fourth-quarter results. Enfusion beat Wall Street's consensus estimate for revenue in the quarter but missed analysts' earnings expectations.
The tech stock was down by 22.2% as of 11:46 a.m. ET.
Enfusion reported revenue of $31.9 million for the fourth quarter, a 41% increase from the year-ago quarter and higher than the $30.4 million analysts were expecting.
Source Fool.com