Why Sezzle (SEZL) Shares Are Getting Obliterated Today
What Happened? Shares of buy-now-pay-later service Sezzle (NASDAQCM:SEZL) fell 8% in the morning session after investors looked past a strong third-quarter earnings report, focusing instead on rising credit loss provisions, a key executive change, and emerging competition. The company reported impressive results for its third quarter, including a 67% year-over-year revenue increase and its first-ever $1 billion quarter in Gross Merchandise Volume (GMV). Despite these strong headline numbers, the report a ...