Stock Track | Pagaya Technologies Plunges 7.67% in Pre-market After Quarterly Sales Miss Estimates

Stock Track

02/09

Pagaya Technologies Ltd. (NASDAQ:PGY) experienced a pre-market plunge of 7.67% on Monday following the release of its quarterly financial results.

The company reported fourth-quarter adjusted earnings per share of $0.80, which beat analyst estimates of $0.69 by approximately 16%. However, quarterly sales of $321.036 million fell short of the consensus estimate of $349.048 million by about 8%, which appears to be the primary driver behind the stock's negative price movement in pre-market trading.

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(NASDAQ:PGY) experienced a pre-market plunge of 7.67% on Monday following the release of its quarterly financial results.</p><p>The company reported fourth-quarter adjusted earnings per share of $0.80, which beat analyst estimates of $0.69 by approximately 16%. 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