Stock Analysis

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

NasdaqGS:LOGC
Source: Shutterstock

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).
earnings-and-revenue-history
NasdaqGS:LOGC Earnings and Revenue History August 13th 2024

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.

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.