DRCT - Direct Digital Stock Falls On Q4 Results: Here's Why | Benzinga
Direct Digital Holdings (NASDAQ:DRCT) shares are dropping after the company reported its fourth-quarter financial results after the bell Tuesday. Here's a look at the details.
The Details: Direct Digital Holdings reported quarterly losses of 8 cents per share which missed the analyst consensus estimate of earnings of 26 cents.
The company reported quarterly sales of $41.01 million which missed the analyst consensus estimate of $65.95 million by 37.81% and represented a 33.4% increase over sales of $30.74 million from the same period last year.
“2023 was another transformational year ...