🟢 KLAR is trading 11% up today after swinging to surprise Q1 profit

KLAR is trading at $15.21 (+11.07%) as shares surge after the company swung to a surprise Q1 profit, crushing analyst expectations.

• Klarna reported a $1 million net profit compared to a $99 million loss last year, with revenue jumping 44% to $1.0 billion and GMV rising 33% to $33.7 billion.
• Growth was heavily fueled by a 39% increase in the US market, helping the company outperform Zacks analyst forecasts of a $0.19/share loss.
• The stock hit the upper end of its implied 13% options move following the positive surprise, well above the pre-earnings fair open estimate of $13.72.