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Why MakeMyTrip Shares Plunged Today

TheMotleyFool 
0 0 01.11.17
Why MakeMyTrip Shares Plunged TodayPhoto, wide shot, wide-angle lens, Hotel, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d14bb504-852b-4d13-a69a-8cec9d4eb799.png
 
Why MakeMyTrip Shares Plunged Today

Shares of MakeMyTrip (NASDAQ: MMYT) fell today, down by 10% as of 3:20 p.m. EDT, after the India-based travel company reported fiscal second-quarter results. The figures came in better than expected, so it's not exactly clear why investors are so disappointed.

Revenue in the fiscal second quarter jumped 79% to $152.9 million, which translated into a net loss per share of $0.45 on a non-IFRS (International Financial Reporting Standards) basis. Analysts were modeling for an adjusted net loss of $0.61 per share.

Image source: Getty Images.

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Source: Fool.com

Makemytrip Ltd. Stock

€51.92
-1.040%
A loss of -1.040% shows a downward development for Makemytrip Ltd..
Our community is currently high on Makemytrip Ltd. with 5 Buy predictions and 1 Sell predictions.
With a target price of 75 € there is a positive potential of 44.45% for Makemytrip Ltd. compared to the current price of 51.92 €.
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