TheMotleyFool
· Apr 25, 2024, 21:15 · 1 min read
Why Opera Limited Plunged Today
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Electro Power Systems S.A.
8XE
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Shares of internet browser company Opera Ltd. (NASDAQ: OPRA) were falling in Thursday trading, down 8.6% as of 2 p.m. ET.
Opera reported earnings last night, and while revenue slightly beat expectations, earnings per share (EPS) missed. The company is spending heavily on a new artificial intelligence (AI) cluster, much like other big tech companies are. However, given the big spend on AI, some may have anticipated better second-quarter revenue and earnings guidance.
Still, the stock looks quite cheap.
Source Fool.com
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