Ryvyl: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ryvyl (NASDAQ:RVYL) reported Q1 earnings with an EPS of $-0.15, missing estimates by 87.5%. Revenue was up $6.39 million YoY. Last quarter, the company missed EPS by $0.22, resulting in a 4.51% share price drop the next day.
May 22, 2023 | 8:10 pm
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NEGATIVE IMPACT
Ryvyl's Q1 earnings missed estimates by 87.5%, reporting an EPS of $-0.15. Last quarter's miss resulted in a 4.51% share price drop the following day.
Ryvyl's significant earnings miss of 87.5% is likely to negatively impact the stock price in the short term. This is supported by the fact that the company's share price dropped by 4.51% the day after it missed earnings estimates last quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100