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Why Shares of Riskified Tumbled Today

TheMotleyFool

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Shares of Riskified (NYSE: RSKD) fell today after the fraud management platform company reported its second-quarter results. The company's revenue and earnings in the quarter outpaced analysts' consensus estimates, but investors were disappointed that the company losses widened.

The tech stock was down by 14.8% as of 2:13 p.m. EDT.

Riskified's revenue grew 47% from the year-ago quarter to $55.7 million. That was enough to beat Wall Street's consensus estimate of $54.98 million for the quarter.

Source Fool.com

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