Wish Reports Second Quarter 2021 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
ContextLogic (WISH) Crashes 27% on Weak Q2 Results as Demand Slows, At Least 5 Analysts Downgrade Including a Double Downgrade by JPM
August 13, 2021 9:03 AM EDTShares of ContextLogic (NASDAQ: WISH) have plunged more than 27% in pre-open Friday after the company reported Q2 sales of $656 million, lower than the $723 million consensus.
The company also delivered a loss of $0.18 per share, again lower than the consensus calling for a loss of $0.13 per share.
Wish has begun executing on initiatives designed to enhance the user experience and increase engagement on the Wish app following second-quarter results that did not meet our expectations, said Wish Founder and CEO Piotr... More
ContextLogic Inc (WISH) PT Lowered to $8 at Stifel
August 13, 2021 6:42 AM EDTStifel analyst Scott W. Devitt lowered the price target on ContextLogic Inc (NASDAQ: WISH) to $8.00 (from $12.00) while maintaining a Hold rating.
The analyst commented, "Wish reported disappointing 2Q results with revenue falling -7% y/y to $656mm, significantly below our $724mm estimate and the... More
JPMorgan Double Downgrades ContextLogic Inc (WISH) to Underweight
August 13, 2021 5:38 AM EDTJPMorgan analyst Doug Anmuth downgraded ContextLogic Inc (NASDAQ: WISH) from Overweight to Underweight with a price target of $5.00 (from $17.00).
The analyst comments "ContextLogic operates Wish, one of the largest global ecommerce platforms, connecting 90M+ MAUs in 100+ countries to 550k+ merchants. WISH targets an underserved... More
ContextLogic (WISH) Misses Q2 Revenues
August 12, 2021 4:09 PM EDTContextLogic (NASDAQ: WISH) reported Q2 revenue of $656 million versus the consensus estimate of $722.92 million.
Wish has begun executing on initiatives designed to enhance the user experience and increase engagement on the Wish app following second-quarter results that did not meet our expectations, said Wish... More
