Marchex Q1 Adj $(0.02), Inline, Sales $11.57M Miss $11.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marchex reported Q1 adjusted losses of $(0.02) per share, meeting analyst estimates, but its sales of $11.57M missed the $11.95M estimate, marking a 5.14% decrease from last year.
May 07, 2024 | 8:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Marchex's Q1 earnings met analyst expectations for EPS but missed on sales, with a slight year-over-year decrease.
Meeting EPS estimates typically stabilizes investor confidence, but missing sales forecasts can create concerns about growth, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100