GoodRx Stock Is Plunging to a Record Low. Its Earnings Were That Bad.
https://www.barrons.com/articles/goodrx-stock-price-earnings-51646088690
Highlights from their earnings report:
For the quarter, GoodRx posted revenue of $213.3 million, up 39% from a year earlier, but below the Street consensus forecast for $217.5 million. Adjusted earnings per share were 10 cents, in line with estimates. Under generally accepted accounting principles, the company lost 10 cents a share.
The company also announced a $250 million stock-repurchase program.
Sounds like the insiders are cutting their losses and cashing out.
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