Give Me A Break, Says Jim Cramer About Klarna (KLAR)

We recently published 10 Stocks On Jim Cramer’s Mind & His Thoughts On Enterprise AI.  Klarna Group (NYSE:KLAR) is one of the stocks on Jim Cramer's mind.

Klarna Group (NYSE:KLAR) is a Swedish technology company that works in the digital banking and payments industries. Its shares are down by 71% since their IPO in September last year and by 54% year-to-date. Earlier this week, Klarna Group (NYSE:KLAR)’s stock dropped by close to 25% after the firm reported its fourth-quarter earnings. The results saw the firm post $1.08 billion in revenue and $0.19 in loss per share. While Klarna Group (NYSE:KLAR)’s revenue beat analyst estimates of $1.07 billion, the loss per share was steeper than the estimates of $0.02. However, the firm’s US business was a strong performer as revenue grew by 58% driven by the firm’s Fair Financing product, which grew sales by a strong 165%. The quarter was also Klarna Group (NYSE:KLAR)’s first one that saw it bring in $1 billion in sales. Ahead of the earnings, Keefe Bruyette lowered the share price target to $45 from $52 and kept an Outperform rating. As for Cramer, the CNBC TV host focused on the EPS as he remarked in a tweet:

Copyright: dotshock / 123RF Stock Photo

“Klarna doesn’t even mention eps in its release. Talk about the old days.. Give me a break.”

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