Recap: Nerdwallet Q4 Earnings
Portfolio Pulse from Benzinga Insights
Nerdwallet (NASDAQ:NRDS) reported Q4 earnings with an EPS of $-0.03, missing estimates by 130% and a revenue decrease of $8.30 million from the previous year. This contrasts with last quarter's performance where the company beat EPS estimates, leading to a 40.66% share price increase the following day.
February 14, 2024 | 9:15 pm
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Nerdwallet reported a significant miss in Q4 earnings with an EPS of $-0.03 against an estimate of $0.1 and a year-over-year revenue decline.
The significant miss in earnings and the year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term, especially considering the positive reaction to last quarter's earnings beat.
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