Adyen shares fall sharply on Amsterdam exchange
Shares in the online payments company fell on the Amsterdam exchange on Wednesday after it scrapped its medium-term profit target.
Shares in Adyen, the online payment processor, fell sharply on the Amsterdam stock exchange on Wednesday. The drop followed the company's decision to scrap its medium-term profit target.
Adyen is listed on the AEX, the Amsterdam exchange's main index of leading companies.
Adyen published quarterly results on Wednesday. Revenue in the past quarter rose by almost a quarter from a year earlier. The company still scrapped its medium-term profit margin target.
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Adyen
Adyen is a Dutch payment processing company based in Amsterdam that provides payment services and infrastructure to businesses, such as accepting card and online payments. Its shares are traded on the Amsterdam stock exchange (Euronext Amsterdam), and it is one of the largest Dutch-listed technology companies.
AEX (Amsterdamse Effectenbeurs index)
The AEX is the main share index of the Amsterdam stock exchange, tracking the leading companies listed on Euronext Amsterdam. Investors and funds use it as a benchmark for the Dutch stock market, so changes in its largest constituents affect many people who hold shares directly or through funds.