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Why is Thoughtworks Holding Inc (TWKS) Stock down?

We've noticed a 6.32% decline in Thoughtworks Holding Inc (TWKS) stock during the 2024-08-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
08 Aug, 2023:

Thoughtworks Holding's shares fell 25.78% after disappointing Q2 results and reduced Q3 guidance. Q2 adjusted earnings of 3 cents per share and a 13.5% revenue drop to $287.2M missed expectations. The company also lowered its full-year adjusted EPS guidance to 11-13 cents and revenue projection to $1.14-1.16B.

https://www.marketwatch.com/story/thoughtworks-shares-hit-new-lows-after-disappointing-quarterly-update-twks-6998f727

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