Cardlytics rises as revenue beats estimates

Cardlytics

03/05/2022 12:57

** Digital ad platform's shares  CDLX.O  up 5.4% at $37.81
premarket
    ** Company reports Q1 revenue of $67.9 mln vs est $64.7 mln
- Refinitiv Eikon
    ** Posts Q1 net loss of $0.38/shr vs est of a loss of $0.55
    ** At least three brokerages cut PT after results, with J.P.
Morgan at a Street low of $47
    ** Current avg recommendation on company's stock is "buy",
with 3 analysts rating it "buy" and 3 "hold"
    ** Up to Monday's close, stock down 45.7% YTD vs 19.88%
decline in the Nasdaq composite index  .IXIC 

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))