Fluent Reports Q2 Loss, Lags Revenue Estimates
Fluent (NASDAQ: FLNT) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -123.81%. A quarter ago, it was expected that this data and analytics company would post a loss of $0.05 per share when it actually produced a loss of $0.30, delivering a surprise of -500%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Fluent, which belongs to the Zacks Advertising and Marketing industry, posted revenues of $58.72 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.70%. This compares to year-ago revenues of $82.15 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary …
Full story available on Benzinga.com