NerdWallet beats by $0.07, beats on revs; approves $30 mln for repurchases
- Reports Q3 (Sep) loss of $(0.01) per share, $0.07 better than the FactSet Consensus of ($0.08); revenues rose 7.2% year/year to $152.8 mln vs the $144.25 mln FactSet Consensus.
- Had 24 million average Monthly Unique Users (MUUs), which was up 22% year-over-year.
- Co added, "We saw stabilizing performance in some of our more challenged verticals, such as Credit Cards, as well as positive momentum in our Loans verticals. Our growing consumer mind share gives us confidence that as macro economic conditions recover, our ability to meet consumer needs will compound our value over time."
- Company is announcing that its Board of Directors has approved a new share repurchase authorization of $30 million to purchase the Company's Class A common stock.
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