Why Cardlytics Stock Popped Today
Shares of Cardlytics (NASDAQ: CDLX) have popped today, up by 18% as of 11:45 a.m. EST, after the purchase analytics company and loyalty program operator reported preliminary fourth-quarter earnings results that easily crushed expectations.
Revenue in the fourth quarter is expected to be in the range of $68.5 million to $69.5 million, which is well above both the $59 million in sales that analysts are modeling for, as well as Cardlytics' own guidance of $55 million to $59 million in revenue. Billings should be in the range of $99 million to $101 million, compared to the company's outlook of $82 million to $88 million.
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Source Fool.com
