<div id="readability-page-1">Ibotta (IBTA) shares struggled to hold onto the regular session gain and slid 16% into the red in afterhours trading as better-than-feared third quarter results were overshadowed by a significant erosion in third quarter profits and sales, leading the company to set a downbeat outlook for the current quarter. Ibotta (IBTA), which provides digital p...</div>

IBTA

<p>Ibotta (IBTA) shares fell 16% in afterhours trading despite better-than-expected third quarter results. The decline was driven by a significant drop in profits and sales, prompting the company to issue a pessimistic outlook for the current quarter.</p>

Ibotta shares tumble on profit erosion, disappointing guidance