On August 13, Bending Spoons S.p.A. fell 5.06% in pre-market trading, trading at approximately $46.54 per share, with turnover of $887,200.

The decline was triggered by the company's full-year revenue guidance falling short of analyst expectations despite strong Q2 results. Bending Spoons reported Q2 adjusted earnings of $0.46 per diluted share, up 170.6% year-over-year and significantly beating the consensus estimate of $0.30. Quarterly revenue came in at $704.2 million, representing 126.4% growth from $311.1 million a year earlier.

However, the company issued full-year revenue guidance of $2.78 billion to $2.82 billion, approximately 3%-4% below the FactSet analyst consensus of $2.90 billion, sparking concerns over growth deceleration. The company also guided Q3 revenue of $733 million to $745 million, roughly in line with the $738.7 million estimate. Additionally, the stock faced pre-existing headwinds after Bank of America downgraded Bending Spoons to Underperform on August 12, setting a $39 target price well below the current trading level.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)