ContextLogic Q3 EPS $(3.35) Misses $(3.31) Estimate, Sales $60.00M Beat $57.35M Estimate
Portfolio Pulse from bharat@benzinga.com
ContextLogic (NASDAQ:WISH) reported Q3 losses of $(3.35) per share, missing the analyst consensus estimate of $(3.31) by 1.21%. However, this is a 37.96% improvement over the same period last year. The company's quarterly sales of $60.00 million beat the analyst consensus estimate of $57.35 million by 4.62%, but this is a 52.00% decrease from the same period last year.
November 07, 2023 | 9:55 pm
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ContextLogic's Q3 earnings per share missed estimates, but sales beat expectations. The company's EPS improved YoY, but sales decreased significantly.
ContextLogic's Q3 earnings per share missed estimates, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's sales beat estimates, which could offset some of the negative impact. The YoY improvement in EPS could be seen as a positive sign, but the significant decrease in sales could be a cause for concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100