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Spotify stock plummets after earnings beat expectations
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Spotify stock plummets after earnings beat expectations

1 min read

The Swedish audiostreamer's soft guidance overshadowed an earnings beat.

Shares of Swedish audio-streamer Spotify fell over 13% after the market opened Tuesday, as soft guidance overshadowed an earnings beat. The company said first-quarter revenue rose 8% from last year to 4.5 billion euros ($5.3 billion), while monthly a... [1052 chars]

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Source: CNBC

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