Marketwise Q3 Sales $106.15M Beat $104.80M Estimate
Portfolio Pulse from bharat@benzinga.com
Marketwise reported Q3 sales of $106.15M, beating the analyst consensus estimate of $104.80M by 1.29%. However, this represents an 11.49% decrease compared to the same period last year.
November 09, 2023 | 12:56 pm
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NEUTRAL IMPACT
Marketwise's Q3 sales surpassed estimates but are lower than last year's figures.
Marketwise's Q3 sales beat the analyst consensus, which is a positive signal. However, the year-over-year decrease in sales could be a concern for investors, potentially offsetting the positive impact of beating estimates. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100