Marchex, Inc. (NASDAQ:MCHX) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MCHX is expected to report 3Q20 loss of $ 0.06 per share from revenue of $ 23.89 million.
For the full year, analysts anticipate top line of $ 100.04 million, while looking forward to loss of $ 0.24 per share bottom line.
Previous Quarter Performance
Marchex, Inc. revealed loss for the second quarter of $ 0.05 per share, from the revenue of $ 25.85 million. The quarterly revenues reduced 1.86 percent compared with the same quarter last year. According to street consensus, MCHX was expected to report 2Q20 loss of $ 0.08 per share from revenue of $ 18.23 million. The bottom line results beat street analysts by $ 0.03 or 37.50 percent, at the same time, top line results outshined analysts by $ 7.62 million or 41.80 percent.
Stock Performance
Shares of Marchex, Inc. traded up $ 0.08 or 4.52 percent on Tuesday, reaching $ 1.85 with volume of 34.90 thousand shares. Marchex, Inc. has traded high as $ 1.88 and has cracked $ 1.78 on the downward trend
According to the previous trading day, closing price of $ 1.85, representing a 60.91 % increase from the 52 week low of $ 1.10 and a 58.25 % decrease over the 52 week high of $ 4.24.
The company has a market capital of $ 73.18 million and is part of the Consumer Cyclical sector and Marketing Services industry.
Conference Call
Marchex, Inc. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.marchex.com
Marchex, Inc. operates as a call analytics company that helps businesses connect, drive, measure, and convert callers into customers. Its products include Marchex Call Analytics, an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Speech Analytics that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, which enable businesses to send and receive text/SMS messages with customers; Call Monitoring; Marchex Omnichannel Analytics Cloud products, such as Marchex Search Analytics, a product for search marketers that drive phone calls from search campaigns, as well as Marchex Display and Video Analytics, a product for marketers that buy digital display advertising; Marchex Site Analytics, a product for marketers that can drive phone calls from Websites; and Marchex Social Analytics, a product for marketers that buy social media advertising.
