Outbrain Q1 2024 GAAP EPS $(0.10), Inline, Sales $216.964M Miss $220.963M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outbrain (NASDAQ:OB) reported Q1 2024 GAAP EPS of $(0.10), meeting analyst consensus estimates, but missed revenue estimates with $216.964M against the expected $220.963M, a 1.81% miss and a 6.39% decrease from the previous year.
May 09, 2024 | 10:32 am
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Outbrain reported Q1 2024 earnings with EPS of $(0.10), in line with estimates, but missed revenue expectations by 1.81%, showing a 6.39% decrease from last year.
Missing revenue estimates and reporting a year-over-year decrease in sales are typically seen as negative indicators for a company's financial health and future prospects, likely leading to a negative short-term impact on the stock price.
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