Redfin Q2 EPS $(0.25) Beats $(0.32) Estimate, Sales $275.56M Beat $274.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Redfin reported Q2 earnings per share (EPS) of $(0.25), beating the analyst consensus estimate of $(0.32) by 21.88%. This is a 65.75% increase over losses from the same period last year. The company also reported quarterly sales of $275.56 million, beating the analyst consensus estimate of $274.96 million by 0.22%. However, this is a 54.60% decrease over sales from the same period last year.
August 04, 2023 | 2:27 pm
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Redfin's Q2 earnings beat estimates, but sales are down significantly from the same period last year.
While Redfin's Q2 earnings beat estimates, the significant decrease in sales compared to the same period last year could potentially impact investor sentiment and the company's stock price.
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IMPORTANCE 80
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