Recap: Grab Hldgs Q1 Earnings
Portfolio Pulse from Benzinga Insights
Grab Hldgs (NASDAQ:GRAB) reported Q1 earnings with in-line EPS of $-0.06 and revenue up $297 million YoY. Last quarter, the company missed EPS by $0.03, resulting in a 3.43% share price drop the next day.
May 18, 2023 | 11:05 am
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Grab Hldgs reported Q1 earnings with in-line EPS of $-0.06 and revenue up $297 million YoY. Last quarter's EPS miss resulted in a 3.43% share price drop.
Grab Hldgs reported in-line EPS, which indicates that the company met market expectations. This is likely to have a neutral impact on the stock price in the short term. However, the revenue increase of $297 million YoY could be seen as a positive sign for investors, but it's important to consider the previous quarter's EPS miss and the subsequent share price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100