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Why NerdWallet Stock Tumbled Today


Shares of NerdWallet (NASDAQ: NRDS) were taking a dive today after the personal finance specialist posted solid results in its first-quarter earnings report, but warned of headwinds for the rest of the year.

As of 12:54 p.m. ET, the stock was down 18.3%. 

NerdWallet, which makes money from affiliate marketing programs from partners like credit cards, banks, and insurance companies, posted strong top-line growth. Revenue rose 31% to $169.6 million, topping estimates for $167 million.

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Source Fool.com

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