Cardlytics: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

ATLANTA (AP) _ Cardlytics, Inc. (CDLX) on Monday reported a loss of $15.4 million in its third quarter.

On a per-share basis, the Atlanta-based company said it had a loss of 56 cents. Losses, adjusted for one-time gains and costs, were 16 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The company posted revenue of $46.1 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $39.4 million.

For the current quarter ending in December, Cardlytics said it expects revenue in the range of $55 million to $62 million.

The company expects full-year revenue in the range of $174.8 million to $181.8 million.

Cardlytics shares have climbed 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $76.46, an increase of 82% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDLX at https://www.zacks.com/ap/CDLX