Why Blue Apron Holding Inc. Stock Fell Today
Shares of Blue Apron Holdings Inc. (NYSE: APRN) tumbled today after the meal-kit provider delivered an underwhelming third-quarter earnings report. The stock closed down 18.6%.
In its second report as a publicly traded company, Blue Apron posted a decline in customers and missed earnings estimates. The stock moved higher at first in premarket trading after topping revenue estimates, but shares fell over the course of the session as investors reacted to lower guidance.
Image source: Blue Apron.
Source: Fool.com
