Fluent tumbles on revenue outlook

Fluent

15/01/2021 17:42

** Fluent shares down 10.45% at $4.72 after falling as low as
$4.59 on the session
    ** Advertising and marketing firm forecast Q4 revenue of $81
to $82 mln and FY20 revenue of $309.7 mln to $310.7 mln
 urn:newsml:reuters.com:*:nASA01LO8
    ** Refinitiv estimate calls for Q4 revenue of $85.43 mln and
FY20 revenue of $314.14 mln 
    ** Median analyst price target on the stock is $7
    ** Through Thursday's close, FLNT shares had fallen
fractionally YTD
    ** Forward PE on FLNT through Thursday was 27.96, down from
118 in mid-July



 ((charles.mikolajczak@tr.com; @ChuckMik; Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))