ContextLogic Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

ContextLogic (NASDAQ:LOGC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$7.00m (down 91% from 2Q 2023).
• Net loss: US$13.0m (loss narrowed by 84% from 2Q 2023).
• US$0.50 loss per share (improved from US$3.38 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ContextLogic Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates significantly.

The company's shares are up 4.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for ContextLogic (1 shouldn't be ignored!) that you should be aware of.

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