Ibotta shares are trading lower after the company reported a year-over-year decrease in Q2 adjusted EPS results and issued Q3 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Ibotta shares are trading lower after the company reported a year-over-year decrease in Q2 adjusted EPS results and issued Q3 revenue guidance below estimates.
August 13, 2024 | 8:56 pm
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Ibotta shares are trading lower due to a year-over-year decrease in Q2 adjusted EPS and Q3 revenue guidance below estimates.
The decrease in Q2 adjusted EPS and lower-than-expected Q3 revenue guidance are negative indicators for Ibotta's financial health, leading to a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100