Why Is Cardlytics (CDLX) Stock Down 29% Today?

Cardlytics (NASDAQ:CDLX) stock is falling on Thursday after the advertising platform operator released its earnings report for the first quarter of 2024.That earnings report starts with revenue of $67.61 million for the quarter. This fails to reach Wall Street’s estimate of$71.69 million in revenue. However, it’s a 5.1% increase year-over-year from $64.33 million.Next, we have the company’s adjusted EPS of -9 cents. That’s better than the -11 cents per share that analysts were expecting. Even so, it’s an i ...