Core Viewpoint - Klarna Group (NYSE:KLAR) has experienced significant stock price declines, with a 71% drop since its IPO and a 54% decrease year-to-date, following disappointing earnings results [2]. Financial Performance - Klarna reported fourth-quarter earnings with revenue of $1.08 billion, surpassing analyst estimates of $1.07 billion, but incurred a loss per share of $0.19, which was worse than the expected loss of $0.02 [2]. - The company's US business showed strong performance, with revenue growth of 58%, driven by the Fair Financing product, which saw sales increase by 165% [2]. - This quarter marked Klarna's first instance of achieving $1 billion in sales [2]. Analyst Insights - Keefe Bruyette lowered Klarna's share price target from $52 to $45 while maintaining an Outperform rating [2]. - Jim Cramer criticized Klarna for not mentioning earnings per share (EPS) in its release, indicating a lack of focus on this important metric [3].
Give Me A Break, Says Jim Cramer About Klarna (KLAR)