RTTNews | Aug 5, 2021 10:13AM EDT

10:12 Thursday, August 5, 2021 (RTTNews.com) - Fiverr International Ltd. (FVRR) shares fell on Thursday morning trade after the company reported a wider net loss for the second quarter. The company projected revenue outlook for the third quarter and the full year that came in below estimates.

The digital services company reported second-quarter net loss of $13.29 million, compared to net loss of $123 thousand in the prior year.

Revenue for the quarter increased to $75.26 million or $0.37 per share from $47.13 million in the previous year.

Looking ahead to the third quarter, the company revenue to grow in a range of 30-38 percent to $68-$72 million. Analysts are looking for $78.1-$80.21 million.

For the full year, the company projects revenue in a range of $280-$288 million, up 48-52 percent in the previous year. Wall Street expects $305.48-$307.78 million.

Currently, shares are at $182.26, down 20.96 percent from the previous close of $230.58 on a volume of $1,327,587. For the 52-week period, the shares have traded in a range of $102.42-$183.77 on average volume of 608,985.

Read the original article on RTTNews ( https://www.rttnews.com/3216567/fiverr-slips-20-on-wider-q2-loss-q3-fy21-revenue-view-lower-than-estimates.aspx)

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