ATLANTA (AP) _ Cardlytics, Inc. (CDLX) on Tuesday reported a loss of $47.3 million in its second quarter.
On a per-share basis, the Atlanta-based company said it had a loss of $1.43. Losses, adjusted for costs related to mergers and acquisitions and stock option expense, were 39 cents per share.
The company posted revenue of $58.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $63.2 million.
For the current quarter ending in October, Cardlytics said it expects revenue in the range of $57 million to $66 million.
Cardlytics shares have fallen 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $116.39, an increase of 60% in the last 12 months.
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