Why GoodRx Stock Was Plunging Today
Shares of GoodRx Holdings (NASDAQ: GDRX) were taking a dive today after the prescription drug comparison platform offered weak guidance in its third-quarter earnings report.
As of 12:31 p.m., the stock was down 20.7%.
Revenue in the quarter declined 4% to $187.3 million, as the company is still dealing with the loss of a large grocery customer earlier in the year. Still, that beat estimates at $185.3 million. It also said that the number of monthly active consumers declined 9%, associated with the loss of that grocer.
Source Fool.com
