Why Perion Network Stock Plummeted Today
Perion(PERI) The Motley Fool·2024-04-09 01:42Shares of the digital advertising services company sank Monday thanks to disappointing news.Shares of Perion Network (PERI -40.79%) plummeted more than 40% on Monday after the digital advertising products and services company announced far weaker-than-expected preliminary first-quarter 2024 results. Perion also reduced its full-year outlook.On Perion's slow start to the new yearIn a press release this morning, Perion said it expects first-quarter 2024 revenue to be $157 million, up 8% year over year -- far ...