TLDR Tech / Fintech
Klarna shares dip on revised guidance
Shares in buy now, pay later giant Klarna took a dive after the company reduced its guidance for revenue and transaction income over the coming year. The stock dipped on the New York Stock Exchange after Klarna revised its forecasts for full-year revenue of $4.08 billion to $4.16 billion, down from its previous forecast of more than $4.34 billion, while gross merchandise volume (GMV) is expected to come in at $149 billion to $151 billion, compared with an earlier expectation of more than $155 billion.
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