Dave Inc's stock continued its downward trajectory in pre-market trading on Tuesday, plummeting 5.95% after closing 5.6% lower on Monday. This decline comes despite the company reporting better-than-expected results for its fourth quarter on Monday.
The financial services company, which provides banking services through its mobile app, surpassed Wall Street's expectations for its Q4 earnings and revenue. However, investors appear to be disappointed or concerned about something in Dave's quarterly performance or guidance, sending the stock tumbling.
The pre-market plunge adds to Dave's losses from the previous session, suggesting that market participants are taking a cautious stance towards the company's prospects. While the better-than-expected results were a positive sign, the stock's subsequent decline indicates that investors may have identified potential issues or risks that are weighing on the company's outlook.
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