Envestnet Inc. (ENV)

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Why is Envestnet Inc. (ENV) Stock down?

We've noticed a 5.22% decline in Envestnet Inc. (ENV) stock during the 2024-02-13 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

09 Nov, 2023:

Shares of Envestnet, Inc (ENV) dropped by 8.67% from $37.81 to $34.53 in the trading on Thursday, Novemeber 9, 2023. The reason why ENV down is due to its disappointing Q3 earnings. While earnings beat estimates, revenues fell short.

Earnings Beat: Adjusted earnings of *56 cents per share** (excluding 43 cents from non-recurring items) exceeded expectations by 3.7%, up 24.4% from the previous year.
Revenue Miss: Total revenues of $316.8 million were 0.5% below expectations, despite a 3.3% YoY increase.