ContextLogic Q4 2023 GAAP EPS $(2.820) Misses $(2.660) Estimate, Sales $53.000M Miss $53.060M Estimate
Portfolio Pulse from Benzinga Newsdesk
ContextLogic (NASDAQ:WISH) reported Q4 2023 earnings with a GAAP EPS of $(2.820), missing the $(2.660) estimate, and sales of $53.000M, slightly below the $53.060M estimate. This represents a 56.91% decrease in sales compared to the same period last year.
March 04, 2024 | 9:12 pm
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ContextLogic's Q4 2023 earnings missed both EPS and sales estimates, with a significant year-over-year sales decrease.
Missing both EPS and sales estimates, especially with a significant year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100