In the after-hours trading session, VTEX stock experienced a significant plunge of 5.68% following the release of the company's fourth-quarter earnings report. The decline was likely driven by disappointing financial results that missed analysts' expectations.
VTEX reported quarterly earnings per share (EPS) of $0.03, falling short of the analyst consensus estimate of $0.04 by 17.5%. This represented a 106.25% increase compared to the same period last year. Additionally, the company's quarterly sales of $61.52 million missed the analyst consensus estimate of $63.12 million by 2.53%, although it showed a modest 1.32% year-over-year increase.
The weaker-than-expected earnings and revenue figures seem to have fueled concerns among investors, resulting in the significant after-hours sell-off of VTEX shares.
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