Rimini Street Q2 Adj EPS $0.10 Misses $0.12 Estimate, Sales $106.42M Beat $105.20M Estimate
Portfolio Pulse from saritha@benzinga.com
Rimini Street (NASDAQ:RMNI) reported Q2 earnings of $0.10 per share, missing the analyst consensus estimate of $0.12 by 16.67%. However, the company's quarterly sales of $106.42 million beat the analyst consensus estimate of $105.20 million by 1.16%. This represents a 42.86% increase in earnings and a 5.16% increase in sales compared to the same period last year.
August 04, 2023 | 12:03 pm
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NEUTRAL IMPACT
Rimini Street's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Rimini Street's earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100