US Stock Movement | Fiverr Intl plunges over 16% pre-market after Q2 results miss expectations and guidance is sharply lowered due to AI impact
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```htmlGolden Ten Data July 29|Fiverr Intl (FVRR.US) saw a sharp pre-market drop of over 16%. As its Q2 financial report fell short across the board and Q3 plus full-year guidance were far below market expectations, concerns have arisen regarding the company's transformation prospects amid the impact of AI. Revenue fell 10.0% year-on-year to $97.8 million, compared to $108.6 million in the same period last year. GAAP net profit was $4.5 million ($0.12 per share), showing year-on-year growth, but Non-GAAP net profit dropped sharply from $27.4 million to $18.3 million, marking a significant decline. In addition, the company's Q3 and full-year guidance was much lower than analysts' expectations.```
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