CDLX Stock Recent News

ATLANTA, April 24, 2023 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), an advertising platform in banks' digital channels, today announced that its first quarter ended March 31, 2023 financial results will be released on Thursday, May 4, 2023, after market close. The company will host a conference call and webcast at 5:00 PM (ET) / 2:00 PM (PT) to discuss the company's financial results.

Cardlytics (CDLX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

One of today's biggest gainers in an otherwise down market is Cardlytics (NASDAQ: CDLX ). At the time of this writing, CDLX stock is surging around 70% higher on extreme momentum and high volume.

The stock of finance-focused digital advertising platform Cardlytics (NASDAQ: CDLX), which had been on the downside for most of the past month, has suddenly experienced a significant uptick upon the company announcing its updated guidance for the first quarter of 2023.

Cardlytics Inc. shares CDLX, +32.74% were shooting more than 30% higher early in Tuesday's session after the digital-advertising company boosted its quarterly forecast. Cardlytics now expects $63.5 million to $66.5 million in revenue for the first quarter, whereas its prior outlook was for $54.0 million to $63.0 million.

Cardlytics Inc. CDLX, -15.19% said late Wednesday that its chief financial officer is resigning over the summer. Andy Christiansen told the company on Friday that his last day is July 21, but will remain for a transition period, the company said.

CDLX's Q4 numbers are bad, but it was expected. The newly appointed CEO is implementing significant modifications to the company's operations in order to increase efficiency.

Cardlytics, Inc. (NASDAQ:CDLX ) Q4 2022 Earnings Conference Call March 1, 2023 5:00 PM ET Company Representatives Karim Temsamani - Chief Executive Officer Andy Christiansen - Chief Financial Officer Nick Lynton - Chief Legal and Privacy Officer Conference Call Participants Kyle Peterson - Needham & Company Douglas Anmuth - JPMorgan Jason Kreyer - Craig-Hallum Operator Hello! And thank you for standing by.

Cardlytics (CDLX) delivered earnings and revenue surprises of 45.28% and 2.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cardlytics (CDLX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.