Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Yalla Group Stock Got Crushed Today

TheMotleyFool

0 0

Shares of Dubai-based Middle Eastern and North African social networking company Yalla (NYSE: YALA) got destroyed today, tumbling 18.7% through 3 p.m. EDT after reporting less revenue than analysts had predicted for its fiscal second quarter 2021 -- and much less profit.

Heading into Q2, Wall Street had forecast $0.17 per share in profit on sales of $68 million for Yalla. As it turned out, the company earned only $0.10 per share, and sales were $66.6 million.

Image source: Getty Images.

Source Fool.com

Like: 0

YALA

Share