FinWise Q2 EPS $0.35 Beats $0.17 Estimate, Sales $19.00M Beat $15.66M Estimate
Portfolio Pulse from Bill Haddad
FinWise (NASDAQ:FINW) reported Q2 earnings of $0.35 per share, beating the analyst consensus estimate of $0.17 by 105.88%. However, this is a 14.63% decrease from the same period last year. The company also reported quarterly sales of $19.00 million, beating the analyst consensus estimate of $15.66 million by 21.33%, but this is a 10.38% decrease from the same period last year.
July 27, 2023 | 8:48 pm
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FinWise's Q2 earnings and sales beat estimates but decreased from the same period last year.
While FinWise beat analyst estimates for Q2 earnings and sales, the year-over-year decreases in both earnings and sales could potentially offset the positive impact of beating estimates. This mixed result makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100