Lime shares drop following earnings miss and reduced guidance
Neutron Holdings, Inc. (Lime) reported a third-quarter earnings miss on November 3, 2026, leading to a downgrade in full-year EBITDA projections.
Lime reported third-quarter diluted earnings per share (EPS) of $0.63, failing to reach the analyst consensus range of $0.66 to $0.68. The company subsequently lowered its full-year adjusted EBITDA guidance to a range of $253 million to $255 million, down from a previous estimate of $265 million to $285 million.
During the earnings call, CFO Ann Gugino attributed the shortfall to competitive pressures in European markets, stating the company chose not to engage in aggressive pricing. Following the disclosure, shares experienced a decline in after-hours trading.
Law firm SueWallSt has announced an investigation into whether the company failed to adequately disclose these financial pressures to investors prior to the November 3 announcement. The firm is currently evaluating whether misleading statements regarding profitability were made, potentially impacting shareholders who acquired stock before the market correction.