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Domo, Inc. shares fall 3.26% intraday as BASF cuts 2025 outlook due to global economic uncertainty.
ByAinvest
Friday, Jul 11, 2025 2:57 pm ET1min read
Domo, Inc. declined 3.26% intraday, with the drop in stock price aligning with the news that Germany's BASF reported a nearly 10% drop in profit and trimmed its full-year guidance due to geopolitical uncertainty and U.S. tariff tensions. The chemical giant cited currency volatility and reduced demand for its chemicals, which negatively impacted its earnings and operating profit.
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