Why NerdWallet Stock Tumbled Today
Shares of NerdWallet (NASDAQ: NRDS) were taking a dive today after the personal finance specialist posted solid results in its first-quarter earnings report, but warned of headwinds for the rest of the year.
As of 12:54 p.m. ET, the stock was down 18.3%.
NerdWallet, which makes money from affiliate marketing programs from partners like credit cards, banks, and insurance companies, posted strong top-line growth. Revenue rose 31% to $169.6 million, topping estimates for $167 million.
Source Fool.com
