Innovid Q1 2024 GAAP EPS $(0.04) Misses $(0.02) Estimate, Sales $36.738M Beat $35.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innovid (NYSE:CTV) reported Q1 2024 earnings with a GAAP EPS of $(0.04), missing the $(0.02) estimate, but sales of $36.738M exceeded the $35.000M forecast. This represents a 33.33% decrease in losses and a 20.51% increase in sales compared to the same period last year.
May 07, 2024 | 11:32 am
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Innovid's Q1 2024 earnings report showed a miss on EPS estimates but exceeded sales forecasts, indicating a mixed financial performance.
The miss on EPS estimates could negatively impact investor sentiment in the short term, but the significant beat on sales forecasts and the year-over-year growth in sales and reduction in losses could offset this negative impact. The mixed results present a neutral outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100