Why Cardlytics Stock Popped Today

Shares of Cardlytics (NASDAQ: CDLX) jumped 20.2% today after the purchase-intelligence platform specialist announced better-than-expected second-quarter 2019 results.

More specifically this morning, Cardlytics revealed its quarterly revenue soared 37% year over year to $48.7 million, translating to a non-GAAP (adjusted) net loss of $2.7 million, or $0.12 per share (narrowed from a loss of $0.21 per share in the same year-ago period). Analysts, on average, were modeling a wider net loss of $0.22 per share on revenue closer to $43.8 million.

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