Olo Q2 EPS $0.04 Beats $0.02 Estimate, Sales $55.25M Beat $53.22M Estimate
Portfolio Pulse from mahesh@benzinga.com
Olo (NYSE:OLO) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $0.02 by 100%. This is a 500% increase from the same period last year. The company also reported quarterly sales of $55.25 million, beating the analyst consensus estimate of $53.22 million by 3.82%. This is a 21.16% increase from the same period last year.
August 04, 2023 | 10:24 am
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POSITIVE IMPACT
Olo's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Olo's Q2 earnings and sales have significantly exceeded analyst estimates, which is a strong indicator of the company's financial performance. This positive financial news could lead to increased investor confidence and potentially drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100