Stubhub Drops, Cerebras Tumbles, Tapestry Slides as Guidance Underwhelms After Recent Rally
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Stubhub (STUB) shares drop. The ticketing company reported earnings per share for the second quarter that missed the average analyst estimate. Analysts highlight a boost from the World Cup, but note that the company’s full-year forecast underwhelmed. - Cerebras (CBRS) tumbled after the company projected slower growth than some investors anticipated. Revenue will be about $215 million in the current quarter, which topped the $212 million average estimate but was below some predictions.- Tapestry…
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