Taboola.com Q3 Adj. EPS $0.02 Beats $(0.04) Estimate, Sales $360.22M Beat $345.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Taboola.com (NASDAQ:TBLA) reported Q3 adjusted earnings of $0.02 per share, beating the analyst consensus estimate of $(0.04) by 150 percent. This is a 50 percent decrease from the same period last year. The company also reported quarterly sales of $360.22 million, beating the analyst consensus estimate of $345.06 million by 4.39 percent, an 8.35 percent increase from the same period last year.
November 08, 2023 | 11:14 am
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Taboola.com's Q3 earnings and sales beat analyst estimates, despite a 50% decrease in earnings from the same period last year.
Taboola.com's Q3 earnings and sales beat analyst estimates, which is generally a positive signal for the stock. However, the 50% decrease in earnings from the same period last year might be a concern for some investors. The increase in sales by 8.35% YoY is a positive sign and could offset concerns about the decrease in earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100