Exodus Halted on Warning
Web hosting company Exodus (EXDS) was halted in after-hours trading, ending the regular session down 20.8% at the bell and hitting a 52-week low of $1.95.
Shortly before the halt, the company warned its second-quarter net loss would be $140 million, wider than the first-quarter loss of $118.3 million, on revenue of $315 million. Analysts were expecting revenue of about $355.3 million.
The company also said revenue for the year will be about $1.35 million, below previous projections of $1.5 billion to $1.6 billion.
The stock was continuing a slide from $6.51 at the close of trading June 12, including a 20.5% drop Tuesday.
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