Vimeo Q2 EPS $0.03 Beats $(0.10) Estimate, Sales $101.83M Beat $100.62M Estimate
Portfolio Pulse from totan@benzinga.com
Vimeo (NASDAQ:VMEO) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.10) by 130 percent. This is a 200 percent increase over losses from the same period last year. The company also reported quarterly sales of $101.83 million, beating the analyst consensus estimate of $100.62 million by 1.21 percent, but this is a 8.24 percent decrease over sales from the same period last year.
August 04, 2023 | 10:24 am
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Vimeo's Q2 earnings and sales beat estimates, but sales are down 8.24% YoY. This could have a mixed impact on the stock.
Vimeo's Q2 earnings beat estimates, which is positive for the stock. However, the decrease in sales compared to the same period last year could negatively impact the stock. Therefore, the overall impact on the stock is expected to be mixed.
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