✕

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Klarna Group (KLAR) is Surging as 2 Developments Draw Attention

Klarna Group PLC (NYSE:KLAR) is one of the 10 Stocks Defying Tech Market Turmoil.

Klarna Group climbed by 8.58 percent on Friday to finish at $13.80 apiece, as investors positioned their portfolios ahead of its upcoming earnings while digesting the appointment of a new Finance chief.

In an updated report on the same day, the financial technology firm said that it would release the results of its earnings performance for the third quarter of the year on Tuesday, November 17. A conference call will be held to elaborate on the results.

Photo by Mizuno K on pexels

For the period, the company is expected to report gross merchandise volume of $35 billion to $36 billion, or a 7 to 10 percent growth from the $32.7 billion in the same period last year.

Revenues are targeted at $940 million to $980 million, or 4 to 8.5 percent higher than the $903 million in the same comparable period.

In other news, Klarna Group PLC announced the appointment of Chris Koegel as its new chief finance officer beginning January 1, 2027, replacing Niclas Neglen.

Koegel will join the company from Robinhood Markets, where he currently serves as vice president and head of corporate finance and investor relations.

He joined Robinhood in 2022 and has helped the company’s valuation grow from less than $10 billion to $100 billion.

Prior to Robinhood, he served as investor relations head at LPL Financial LLC from 2015 to 2022, after spending 13 years at Bain & Company. Koegel holds a BA in Mathematics from Williams College and an MBA from Dartmouth College.

READ NEXT: 10 Stocks Analysts Are Upgrading Right Now and Jim Cramer’s Top 10 Dividend Stocks for Safe, Consistent Returns

Follow Insider Monkey on Google News.