BuzzFeed Inc. shares dropped in the extended session Monday after the media company reported a revenue forecast that fell short of expectations and said the...
BuzzFeed Inc.
shares dropped in the extended session Monday after the media company reported a revenue forecast that fell short of expectations and said the majority of its cash was held at Silicon Valley Bank. BuzzFeed shares fell as much as 9% after hours, following a 0.8% decline in the regular session to close at $1.28. The company said it expects first-quarter revenue between $61 million and $67 million, when analysts surveyed by FactSet had forecast $83.6 million.
shares dropped in the extended session Monday after the media company reported a revenue forecast that fell short of expectations and said the majority of its cash was held at Silicon Valley Bank. BuzzFeed shares fell as much as 9% after hours, following a 0.8% decline in the regular session to close at $1.28. The company said it expects first-quarter revenue between $61 million and $67 million, when analysts surveyed by FactSet had forecast $83.6 million.
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