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Saturday, April 20, 2024

Allbirds stock crashes after the company said it lost $101 million last year and quarterly sales fell well below a year ago

Allbirds stock on Thursday plummeted within an hour of a disappointing earnings report that included a $101 million annual loss and a 13% drop in quarterly sales. Shares were down more than 19% in after-hours trading to $1.91, below a 52-week low of $2.14. Sales increased 7% for the year to $298 …

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