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Klarna Stock Plunges On Weak Guidance. Rival Affirm’s Shares Fall.

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Klarna (KLAR) stock plunged on Tuesday after the consumer financing firm reported second-quarter earnings that topped views but the company lowered guidance amid executive departures. The Klarna results dragged down shares of rival Affirm Holdings (AFRM). Sweden-based Klarna reported an adjusted per-share profit of 1 cent versus a 14-cent loss a year earlier. Revenue surged 27% to $1.04 billion. Analysts…

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