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Why Shares of Casper Sleep Dropped 18.6% Today

TheMotleyFool

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Why Shares of Casper Sleep Dropped 18.6% TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Shares of direct-marketing retail stock Casper Sleep (NYSE: CSPR) fell as much as 18.6% in trading on Tuesday after the company reported less than stellar second-quarter 2021 earnings results. Shares bounced around during the day but were down 17.5% at 2 p.m. EDT today.

Quarterly revenue jumped 33.7% to $151.8 million, and the net loss ballooned from $24.9 million a year ago to $33.8 million, or $0.81 per share. Analysts were expecting a loss of $0.33 per share on revenue of $151.2 million.

Image source: Getty Images.

Source Fool.com

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