DRCT - These Analysts Slash Their Forecasts On Direct Digital Holdings After Weak Results | Benzinga
Direct Digital Holdings, Inc. (NASDAQ: DRCT) reported worse-than-expected fourth-quarter financial results on Tuesday.
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, according to data from Benzinga Pro.
"2023 was another transformational year for Direct Digital Holdings, achieving remarkable year-over-year revenue growth of 76% as well as dramatic operational ...