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Braze Stock Plummets After Disappointing Profit Outlook
Source: schaeffersresearch.com
Corporate EarningsCorporate Guidance & OutlookTechnology & Innovation
Braze shares fell 16.9% to $25.21 despite a second-quarter earnings beat, as investors focused on weaker-than-expected third-quarter profit growth. The selloff indicates that disappointing near-term profitability expectations outweighed the positive quarterly results.
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