Recap: DoubleDown Interactive Q3 Earnings
Portfolio Pulse from Benzinga Insights
DoubleDown Interactive (NASDAQ:DDI) reported Q3 earnings, beating estimated earnings by 22.73% with an EPS of $0.54, against an estimate of $0.44. However, revenue was down $5.82 million from the same period last year. Last quarter, the company beat EPS estimates by $0.08, which was followed by an 8.46% drop in the share price the next day.
November 08, 2023 | 9:35 pm
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NEUTRAL IMPACT
DoubleDown Interactive beat Q3 earnings estimates but saw a decrease in revenue. Last quarter's earnings beat was followed by a share price drop.
While DoubleDown Interactive beat earnings estimates, the decrease in revenue and the historical trend of share price drop following an earnings beat could potentially neutralize any positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100