🔴 Klaviyo is trading 4.1% down in pre-market on weak software results and outlooks

Klaviyo is trading 4.14% down at $19.70 as software-sector weakness weighs on shares.

• Shares closed at $20.55 on October 28; no new company-specific catalyst was identified for October 29.
• Software-sector weakness followed disappointing results and outlooks from ServiceNow and Alphabet, amid concerns about cloud growth and returns on AI spending.
• Klaviyo is scheduled to report third-quarter results on November 4, rather than today.