Criteo Q3 2024 Adj. EPS $0.96 Beats $0.83 Estimate, Sales $266.103M Miss $266.980M Estimate
Portfolio Pulse from Benzinga Newsdesk
Criteo (NASDAQ:CRTO) reported Q3 2024 earnings per share of $0.96, surpassing the analyst estimate of $0.83, marking a 35.21% increase from last year. However, sales of $266.103 million slightly missed the $266.980 million estimate, though they increased by 8.44% from the previous year.
October 30, 2024 | 11:03 am
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Criteo's Q3 2024 earnings per share of $0.96 beat expectations, showing strong growth, but sales slightly missed estimates. The positive EPS surprise may boost investor confidence, but the sales miss could temper enthusiasm.
Criteo's earnings per share significantly exceeded expectations, which is likely to positively impact the stock price as it indicates strong profitability. However, the slight miss in sales estimates may moderate the positive impact, as it suggests potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100