SPOT - Spotify Dips More Than Broader Market: What You Should Know | Benzinga
Spotify (NYSE: SPOT) ended the recent trading session at $307.52, demonstrating a -0.89% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.74% for the day. Elsewhere, the Dow lost 1.06%, while the tech-heavy Nasdaq lost 0.58%.
The the stock of music-streaming service operator has risen by 10.64% in the past month, leading the Business Services sector's gain of 0.93% and the S&P 500's gain of 4.27%.
The investment community will be paying close attention to the earnings performance of Spotify in its upcoming release. The company's upcoming EPS is projected at $1.08, signifying a 163.91% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.08 billion, ...