Why Fiverr International Stock Is Soaring Today

Shares of Fiverr International (NYSE: FVRR) started Wednesday's trading session strong, having gained 11.9% at 10 a.m. ET. The freelance services marketplace operator reported robust results in the second quarter of 2024, narrowed its full-year revenue guidance on the high end of previous projections, and announced a strategic buyout in the dropshipping e-commerce space.Fiverr's second-quarter sales rose 5.9% year over year, landing at $94.7 million. Adjusted earnings fell from $0.58 to $0.49 per diluted share, based on $20.0 million in adjusted net income. At the same time, free cash flow increased 13% to $20.7 million.Your average Wall Street analyst would have settled for earnings near $0.55 per share, though their consensus revenue projections turned out to be precisely on target.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool