Edgio Q4 Sales $108.80M Beat $103.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Edgio (NASDAQ:EGIO) reported Q4 sales of $108.80 million, beating the analyst consensus estimate of $103.17 million by 5.46 percent. This represents a 73.01 percent increase over sales of $62.88 million in the same period last year.
July 19, 2023 | 8:13 pm
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POSITIVE IMPACT
Edgio's Q4 sales exceeded analyst estimates by 5.46%, indicating strong performance. This could positively impact the company's stock price.
Edgio's Q4 sales exceeded analyst estimates, which is typically a positive signal for investors. This beat, combined with a significant YoY increase in sales, suggests strong performance and could lead to a positive reaction in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100