Outbrain Q3 Adj EPS $0.01 Beats $(0.02) Estimate, Sales $230.01M Miss $241.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outbrain (NASDAQ:OB) reported Q3 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.02) by 150 percent. However, the company's quarterly sales of $230.01 million missed the analyst consensus estimate of $241.67 million by 4.82 percent.
November 07, 2023 | 11:32 am
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NEUTRAL IMPACT
Outbrain's Q3 earnings exceeded expectations but sales were below estimates.
Outbrain's earnings beat could boost investor confidence, but the sales miss might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100