S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

NerdWallet Shares Drop Nearly 25% After Third-Quarter Miss

NerdWallet shares fell nearly a quarter in premarket trading Friday after the financial services company reported third-quarter earnings and revenue below analyst expectations. The stock was trading at $8.74; through Thursday’s close, it had declined 12% this year.

NerdWallet Shares Drop Nearly 25% After Third-Quarter Miss

NerdWallet reported profit of $14.9 million, down from $26.3 million a year earlier. Earnings were 23 cents a share, short of the 34 cents expected by analysts polled by FactSet.

Revenue rose 11% to $239.6 million, but also came in below Wall Street’s $251.9 million estimate. Consumer revenue increased 12% year over year to $214.5 million, which the company attributed primarily to higher student-loan activity and the peak summer lending season.

Revenue from small- and medium-sized businesses rose 6% to $25.1 million. NerdWallet said increased loan originations were partly offset by continued pressure on organic search traffic.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!