Bullish reports lower-than-expected Q1 earnings and revenue as operating expenses rise, weighing on shares before market open.
Bullish (BLSH) stock fell 8.3% in premarket trading Thursday after the company’s first-quarter earnings and revenue missed Wall Street estimates. Higher operating expenses were cited as a key factor in the shortfall.
Analysts had anticipated stronger results, but the company’s performance lagged consensus forecasts. Bullish also announced plans for a $4.2B acquisition of Equiniti, which may have contributed to investor caution.
The decline reflects broader concerns over cost management and near-term growth prospects amid the pending deal.