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Cardlytics Shares Soar After Q4 Results, Marketing Platform Deal
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Cardlytics Shares Soar After Q4 Results, Marketing Platform Deal
Mar 15, 2024 10:35 AM

01:10 PM EDT, 03/15/2024 (MT Newswires) -- Cardlytics ( CDLX ) shares were up more than 55% in recent Friday trading following its Q4 results and a deal to provide an American Express ( AXP ) unit with access to its marketing platform.

Late Thursday, Cardlytics ( CDLX ) reported Q4 adjusted EPS of $0.14 per share, swinging from a loss of $0.29 a year ago.

Revenue for the quarter ended Dec. 31 was $89.2 million, up from $82.5 million a year earlier.

Three analysts surveyed by Capital IQ expected $89.6 million.

The company said it expects Q1 revenue of $70.0 million to $73.0 million. Analysts expect $71.7 million.

Cardlytics ( CDLX ) also said that it agreed to provide American Express Travel Related Services with access to its marketing platform that allows advertisers to market card-linked offers to some cardmembers.

Price: 13.09, Change: +4.90, Percent Change: +59.87

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