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Why Cardlytics Is Plunging 25% Today

TheMotleyFool

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Shares of online advertising outfit Cardlytics (NASDAQ: CDLX) are down 24.9% headed into the middle of Wednesday's trading action following a disappointing Q2 earnings report.

For the three-month stretch ending in June, Cardlytics posted a per-share operating loss of $0.39 on revenue of $58.9 million. The top line was up 109% year over year, but it fell short of consensus estimates of $62.9 million. The bottom line was better than the expected loss of $0.65 per share, but had still worsened by a penny compared to the year-ago figure.

Image source: Getty Images.

Source Fool.com

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