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CSPR - Why Shares of Casper Sleep Dropped 18.6% Today
Casper Sleep Inc.
Shares of direct-marketing retail stock Casper Sleep (NYSE: CSPR) fell as much as 18.6% in trading on Tuesday after the company reported less than stellar second-quarter 2021 earnings results. Shares bounced around during the day but were down 17.5% at 2 p.m. EDT today.
Quarterly revenue jumped 33.7% to $151.8 million, and the net loss ballooned from $24.9 million a year ago to $33.8 million, or $0.81 per share. Analysts were expecting a loss of $0.33 per share on revenue of $151.2 million.