Outbrain Q2 Sales $214.148M Miss $228.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outbrain (NASDAQ:OB) reported Q2 sales of $214.148 million, missing the analyst consensus estimate of $228.700 million by 6.36%. This represents a 5.16% decrease from the same period last year.
August 08, 2024 | 10:32 am
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NEGATIVE IMPACT
Outbrain reported Q2 sales of $214.148 million, missing the analyst consensus estimate of $228.700 million by 6.36%. This is a 5.16% decrease from the same period last year, which may negatively impact the stock price in the short term.
The significant miss on sales estimates and the year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100