Why Trivago NV Stock Plummeted Wednesday
Shares of hotel search platform Trivago N.V. (NASDAQ: TRVG) were slammed on Wednesday after the company lowered its guidance for fiscal year 2017. Shares fell as much as 30.1%, but the stock is down about 20% at the time of this writing.
Trivago said it now expects annual revenue growth for the year to be about 40% compared to fiscal year 2016. This is down significantly from management's previous guidance for 50% year-over-year revenue growth during the period. It's also down considerably from the company's 67% year-over-year revenue growth in its most recent quarter.
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Source: Fool.com
