Why Is Spire Global (SPIR) Stock Down 22% Today?

Spire Global (NYSE:SPIR) stock is falling hard on Thursday following the release of the data analytics company's earnings report for the first quarter of 2024. The bad news for SPIR stock starts with its adjusted earnings per share of -53 cents. That's worse than the -43 cents per share that Wall Street was expecting. However, it is an improvement over the -78 cents from the same period of the year prior. Adding to the troubles for SPIR stock is the company's revenue of $25.69 million. Yet again, that's bel ...