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Why Cardlytics Stock Collapsed on Thursday
CDLXCardlytics(CDLX) The Motley Fool·2024-05-09 18:38

Cardlytics' Q1 loss may have been bigger than you realize.Shares of advertising technology company Cardlytics (CDLX -34.31%) imploded Thursday morning, falling 32% through 10:15 a.m. ET after reporting what -- in all honesty -- didn't look like much of a miss last night.Expected to report quarterly sales of 71.7millioninQ1,Cardlyticssaiditbookedonly71.7 million in Q1, Cardlytics said it booked only 67.6 million in sales. However, Cardlytics actually beat average earnings estimates, losing only 0.09persharewhereWallStreethadforecastan0.09 per share where Wall Street had forecast an 0. ...