Why Cardlytics Stock Collapsed on Thursday

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 $71.7 million in Q1, Cardlytics said it booked only$67.6 million in sales. However, Cardlytics actually beat average earnings estimates, losing only $0.09 per share where Wall Street had forecast an$0. ...