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Ibotta, Inc. (NYSE:IBTA) reported a year-over-year decrease in second-quarter adjusted EPS results and issued third-quarter revenue guidance below estimates on Tuesday.
Ibotta reported quarterly earnings of 68 cents per share, down from 69 cents per share in the year-ago period. The company reported quarterly sales of $87.93 million which beat the analyst consensus estimate of $85.73 million.
Ibotta said it sees third-quarter revenue of $91 million to $96 million, versus estimates of $98.65 million.
Ibotta shares dipped 24.6% to $43.88 on Wednesday.
These analysts made changes to their price targets on IBTA following earnings announcement.
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Posted In: IBTA