Innovid Q4 2023 GAAP EPS $(0.01), Inline, Sales $38.62M Beat $36.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innovid (NYSE:CTV) reported Q4 2023 earnings with a GAAP EPS of $(0.01), meeting analyst expectations and marking a 66.67% improvement from last year. Sales reached $38.62M, exceeding the $36.20M forecast by 6.68% and showing a 14.60% increase from the previous year.
February 27, 2024 | 12:35 pm
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Innovid reported a GAAP EPS of $(0.01) for Q4 2023, in line with estimates, and sales of $38.62M, surpassing expectations. Year-over-year improvements in both earnings and sales were noted.
Meeting the EPS estimate and exceeding sales forecasts, especially with significant year-over-year growth, is likely to be viewed positively by investors. This performance indicates operational efficiency and market strength, potentially leading to a short-term positive impact on Innovid's stock price.
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