AppFolio Q2 Adj EPS $0.23 Beats $0.12 Estimate, Sales $147.07M Beat $143.76M Estimate
Portfolio Pulse from vinayak@benzinga.com
AppFolio (NASDAQ:APPF) reported Q2 earnings of $0.23 per share, beating the analyst consensus estimate of $0.12 by 91.67%. This is a 666.67% increase from the same period last year. The company also reported quarterly sales of $147.07 million, beating the analyst consensus estimate of $143.76 million by 2.31%. This is a 25.22% increase from the same period last year.
July 27, 2023 | 8:38 pm
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POSITIVE IMPACT
AppFolio's Q2 earnings and sales beat analyst estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
AppFolio's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price. The significant increase in earnings and sales from the same period last year further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100