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Why Expensify Stock Plunged Today

TheMotleyFool

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Why Expensify Stock Plunged Today: https://g.foolcdn.com/editorial/images/696109/gettyimages-1223107132.jpg

Shares of Expensify (NASDAQ: EXFY), which helps companies and individuals track expenses, plunged today after the company reported worse-than-expected second-quarter results.

The tech stock was down by 11.1% as of 11:38 a.m. ET.

Expensify's second-quarter sales of $43.2 million were up 22% from the year-ago quarter but fell just below analysts' consensus estimate of $43.7 million for the quarter.

Source Fool.com

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