Mediaalpha Inc Cl A (MAX) said after close Wednesday that it lost $0.29 per share in quarter three 2023.
On the revenue line, the company reported $74.6 million, beating estimates by $2.1 million.
In the same quarter a year ago, the company lost $0.34 per share on revenue of $89 million.
The stock is down 2.13% to $10.13 after the report.
Mediaalpha Inc Cl A's revenues declined at a faster pace than earnings.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 49. Meanwhile, the average Wall Street analyst rated the stock a Buy.
MediaAlpha Inc provides a platform that facilitates insurance carriers and distributors target and acquire customers. The company's technology platform brings insurance carriers and consumers together through a real-time, transparent, and results-driven ecosystem. It acts as a customer acquisition channel in the areas of property & casualty insurance, health insurance, and life insurance. The company operates in the United States and generates revenue by earning a fee for each consumer referral sold on its platform.
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Mediaalpha Inc Cl A Down 2.13% To $10.13 After Earnings Beat
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