CDLX - Why Cardlytics Stock Is Racing Higher After Earnings | Benzinga
Cardlytics, Inc. (NASDAQ:CDLX) shares are trading higher Friday after the company posted better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
The Details:
The company reported quarterly earnings of 14 cents per share which beat the analyst consensus estimate of 12 cents.
Quarterly sales came in at $89.167 million, just missing the analyst consensus estimate of $89.551 million, and representing a 8.08% increase over the same period last year.
“The fourth quarter capped a transformational year for Cardlytics,” said Karim Temsamani, CEO of Cardlytics. “With our cost structure rebalanced, we can now focus on building a best-in-class platform with top-tier targeting and a differentiated user experience that will help deliver the best outcomes for our partners, their customers and our advertisers.”
Cardlytics ...