Leafly Holdings: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Leafly Holdings (NASDAQ:LFLY) reported Q4 earnings with an EPS of $-0.22, beating estimates by 85.0% against an expected $-1.45. However, revenue decreased by $2.37 million from the same period last year. Despite missing EPS estimates last quarter, the share price increased by 3.0% the following day. The company has shown varied performance over the past quarters in terms of EPS and revenue.
March 28, 2024 | 8:25 pm
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POSITIVE IMPACT
Leafly Holdings reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to the same period last year.
Beating earnings estimates by a significant margin is likely to positively impact investor sentiment and the stock price in the short term, despite the revenue decrease. Historical data shows a positive share price movement following earnings announcements, even when estimates were missed.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100