Remitly Global Q2 EPS $(0.11) Beats $(0.16) Estimate, Sales $234.03M Beat $215.81M Estimate
Portfolio Pulse from saritha@benzinga.com
Remitly Global (NASDAQ:RELY) reported Q2 earnings per share (EPS) of $(0.11), beating the analyst consensus estimate of $(0.16) by 31.25%. This is a 52.17% increase over losses from the same period last year. The company also reported quarterly sales of $234.03 million, beating the analyst consensus estimate of $215.81 million by 8.44%, a 48.82% increase over sales from the same period last year.
August 04, 2023 | 12:08 pm
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POSITIVE IMPACT
Remitly Global's Q2 earnings and sales beat analyst estimates, indicating a positive financial performance.
Remitly Global reported better than expected Q2 earnings and sales, which is a positive signal for the company's financial performance. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100