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Forge Global beat Q1 earnings estimates but saw shares drop as JPMorgan maintained a low rating.
Forge Global (FRGE) beat Q1 earnings estimates by $0.01, reporting ($0.08) EPS, despite a negative return on equity and net margin.
Shares fell $0.04 to $0.85.
JPMorgan reaffirmed an “underweight” rating.
The company’s annual revenue increased by 13.6% to $79.33 million, though it reported a narrowed full-year loss of $66.33 million.
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Forge Global superó las estimaciones de ganancias Q1, pero vio disminuir las acciones mientras JPMorgan mantenía una baja calificación.