Squarespace falls on lower-than-expected Q1 revenue forecast

Squarespace

07/03/2022 12:18

** Shares of website design and hosting company  SQSP.N 
slide over 11% to $20 premarket
    ** Stock may end lower for fifth consecutive day, if prices
hold
    ** Co says it expects Q1 revenue in range of $203 mln to
$205 mln vs. an average of seven analysts' forecast of $216.8
mln, per Refinitiv IBES data
    ** Q4 revenue increases 20% to $207.4 mln; net loss narrowed
marginally to $250.1 mln from $252.7 mln a year earlier
    ** Stock ended at its lowest price since listing, $22.76, on
Friday; YTD loss ~23%
    

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))