Klarna Plunges 23% After Cutting Revenue Guidance Below Estimates
KLAR sits 26% above its 52-week low of $12.06 on elevated volume (6.7× avg).
Summary
Klarna shares fell 23% on August 18, its worst day since February, after the company cut 2026 revenue guidance below Wall Street estimates. The selloff eclipsed a surprise Q2 net profit of $9 million, as the company cited softer consumer discretionary spending in Germany, its largest market, and currency translation drag. This follows an earlier 18% drop reported intraday, with the decline deepening into the close. The guidance cut signals weaker growth ahead despite the profit beat, and traders will watch for further commentary on German consumer trends and any impact from the pending Google antitrust award.
At the time of this announcement, KLAR was trading at $15.15 on NYSE in the Finance sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $12.06 to $57.20. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.