Ibotta (IBTA) Q2 Earnings and Revenues Lag Estimates

Ibotta (IBTA) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to a loss of $1.32 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -55.56%. A quarter ago, it was expected that this digital company that offers consumers rewards and rebates would post earnings of $0.01 per share when it actually produced earnings of $0.02, delivering a surprise of +100%. ...