Cardlytics Sees Q3 2024 Revenue $56M-$63M Vs $75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cardlytics has revised its Q3 2024 revenue forecast to a range of $56M-$63M, significantly below the previous estimate of $75M.
August 07, 2024 | 9:46 pm
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Cardlytics has revised its Q3 2024 revenue forecast to a range of $56M-$63M, significantly below the previous estimate of $75M. This downward revision is likely to negatively impact investor sentiment and the stock price in the short term.
The significant downward revision in revenue forecast indicates potential challenges in the company's business operations or market conditions. This is likely to lead to negative investor sentiment and a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100