Why Skillz Stock Dropped After Earnings

Shares of mobile games platform Skillz (NYSE: SKLZ) are down 6.4% as of 11:30 a.m. EDT today, after the company missed earnings badly in its quarterly report released after market close yesterday.

Its second-quarter 2021 earnings weren't expected to be fantastic; analysts were looking for a $0.10-per-share loss. But the scale of the company's actual loss seems to have dismayed investors. Instead of $0.10 per share, Skillz lost more than twice that -- $0.21 per share.  

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Source Fool.com