“I Thought It Was A Good Quarter,” Says Jim Cramer On Spotify (SPOT)

We recently published 8 Stocks Jim Cramer Talked About. Spotify Technology S.A. (NYSE:SPOT) is one of the stocks Jim Cramer recently discussed.

Cramer hasn’t discussed streaming platform Spotify Technology S.A. (NYSE:SPOT) for quite some time, and the firm came on his radar after its earnings report. The results saw the company post €4.27 billion in revenue and €3.28 in earnings per share for its third quarter. The figures beat analyst estimates of €4.23 billion and €1.97. However, Spotify Technology S.A. (NYSE:SPOT)’s fourth quarter revenue guidance of €4.5 billion fell slightly short of StreetAccount estimates of €4.56 billion. Cramer, in his previous comments about the firm, has called it a “serial outperformer” and “the best streaming audio platform around.” In this appearance, he discussed Spotify Technology S.A. (NYSE:SPOT)’s share price performance and added that not only does the stock not do well on the day it reports earnings, but it was actually up early in the morning:

Copyright: dennizn / 123RF Stock Photo

“It was up 20, I thought it was a good quarter. . .this stock has historically not acted well on the day that it reports. It was up 20 at six thirty, it’s highly erratic.”

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Disclosure: None. This article is originally published at Insider Monkey.