Why NerdWallet Stock Dropped 8.5% Today

Shares of financial data and advice website NerdWallet (NRDS -5.37%) tumbled 8.5% through 10:20 a.m. ET on Thursday after the company reported a surprise loss in its fourth-quarter 2023 financial update last night.Heading into the report, analysts had forecast NerdWallet would earn $0.10 per share on sales of$138.4 million. Instead, NerdWallet reported sales of only $133.7 million and a loss for the quarter of$0.03 per share. NerdWallet Q4 earningsNerdWallet reported a 6% year-over-year decline in revenue ...