iClick Interactive Asia Group Limited Up 8.33% To $2.34 After Earnings Beat

Iclick Interactive Asia Group Ltd (ICLK) beat out earnings estimates for Q3 2022 this morning.

iClick Interactive Asia Group Limited's earnings came in at an EPS loss of $0.1 per share, 93.00% higher than estimates for an EPS loss of $1.34 per share. The firm's earnings are down 200% since reporting $0.1 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $41 million. That represents a 52.74% decrease in revenues from the year-ago report and is 6.15% higher than consensus estimates set at $38.7 million.

The stock is up 8.33% to $2.34 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

iClick Interactive Asia Group Limited has performed a little above average during the past few months. Before the report, iClick Interactive Asia Group Limited received a Long-Term Technical Rank by InvestorsObserver of 65, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $2.1 on November 3, 2022 and set a 52-week high on November 30, 2021 at $71.02.

iClick Interactive Asia Group Ltd is an independent online marketing and enterprise data solutions provider in China. It serves as an integrated cross-channel gateway that provides marketers with innovative and cost-effective ways to optimize their online marketing efforts throughout their marketing cycle and achieve their branding and performance-based marketing goals. It has two operating segments: Marketing Solutions, and Enterprise Solutions. Geographically, it derives majority revenue from PRC and also has a presence in Hong Kong and other countries.