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Luke Kawa

Klarna sinks after Q1 guidance for revenue and gross merchandise value comes in short of estimates

Buy now, pay later, issue guidance that Wall Street likes even later.

Shares of Klarna are tumbling in early trading after the fintech payments company’s Q1 outlook came in below analysts’ projections.

Management sees Q1 revenues between $900 million and $980 million, the midpoint of which is below Wall Street’s call for $965.1 million. The company’s range for gross merchandise value in the current quarter of $32 billion to $33 billion is fully below the consensus estimate for $33.37 billion.

(Gross merchandise value is the dollar figure associated with all purchases made via Klarna’s different modes of payment.)

This disappointing outlook outweighed a solid set of Q4 top-line results. Revenues of $1.08 billion came in $10 million above expectations, gross merchandise volume beat estimates at $38.7 billion (consensus: $38.06 billion), and active consumers of 118 million were nearly a full million above what Wall Street had penciled in.

The stock is poised to open at an all-time low.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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