Skillz (SKLZ) Stock: Why It Fell Over 12% Today

By Amit Chowdhry ● Aug 4, 2022
  • The stock price of Skillz (SKLZ) fell by over 12% during intraday trading today. This is why.

The stock price of Skillz (SKLZ) fell by over 12% during intraday trading today. Investors are responding to the company’s second-quarter results.

Skillz reported a Q2 EPS of ($0.15), which was in line with analysts’ estimates. And the revenue for the quarter was $93 million compared to the consensus estimate of $92.8 million. 

Going forward, Skillz expects FY2022 EPS of $275, compared to the consensus of $399.13.