Marchex Q4 Sales $12.395M Miss $12.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marchex reported Q4 sales of $12.395M, missing the consensus estimate of $12.750M by 2.78%, but marking a 0.84% increase from the same period last year.
March 14, 2024 | 8:30 pm
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Marchex's Q4 sales of $12.395M missed estimates by 2.78%, but showed a slight increase from last year.
Missing sales estimates typically has a negative impact on investor sentiment and can lead to a short-term decrease in stock price. However, the slight year-over-year growth may mitigate some negative perceptions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100