Marketwise Q2 Sales $103.60M Miss $109.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marketwise reported Q2 sales of $103.60 million, missing the analyst consensus estimate of $109.32 million by 5.23 percent. This represents a 19.07 percent decrease from the same period last year.
August 10, 2023 | 11:20 am
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NEGATIVE IMPACT
Marketwise's Q2 sales missed analyst estimates by 5.23%, and decreased by 19.07% compared to the same period last year.
Marketwise's lower than expected Q2 sales and the YoY decrease could negatively impact investor sentiment, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100