KLARNA CUTS OUTLOOK, EXECS EXIT

The Swedish fintech company tempered investor expectations despite posting a profitable second quarter with increased revenue. Neglén and Sandström's departures come as Klarna reassesses its growth trajectory. The company's revised guidance signals caution heading into the remainder of the year, even as its core business improved quarter-over-quarter. The leadership changes represent a significant shift for the payments firm, which has faced competitive pressures and shifting consumer spending patterns. Neglén has held the CFO role through Klarna's public listing and subsequent market fluctuations. The stock's sharp decline reflects investor concern over both the downward guidance revision and uncertainty surrounding the executive transitions. Klarna did not immediately announce replacements for the departing executives.