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Why Enfusion Stock Is Plummeting Today

TheMotleyFool

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Why Enfusion Stock Is Plummeting TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of Enfusion (NYSE: ENFN), a software-as-a-service company, were falling hard today after the company reported its fourth-quarter results. Enfusion beat Wall Street's consensus estimate for revenue in the quarter but missed analysts' earnings expectations.

The tech stock was down by 22.2% as of 11:46 a.m. ET.

Enfusion reported revenue of $31.9 million for the fourth quarter, a 41% increase from the year-ago quarter and higher than the $30.4 million analysts were expecting.

Source Fool.com

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