Futures are hovering close to breakeven ahead of the Wednesday session as the market assesses the impact of the failed Brexit vote.
Eventbrite CEO Julia Hartz and her husband Kevin Hartz, Co-Founder and Chairman of Eventbrite ring the opening bell at the New York Stock Exchange, September 20, 2018.tanked more than 26% after hours Wednesday following the release of the ticketing website's dismal first-quarter earnings and weak second-quarter guidance.
The stock price is below $18 a per share, its lowest level since its initial public offering in September of 2018. Eventbrite also said it is looking for a new chief financial officer as its current CFO, Randy Befumo, will transition to the company's chief strategy officer. Missing on the top and bottom lines, Eventbrite reported a loss of 13 cents per share on revenues of $81.3 million. Analysts forecast a loss of 9 cents on revenue of $83.0 million, according to Refinitiv.
Eventbrite expects to earn between $74 and $78 million in revenue for the second-quarter, while analysts expected it to earn $82.4 million.This is breaking news. Please check back for updates.
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