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. 

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Source Fool.com