Rapid7 Q2 EPS $0.18 Beats $0.11 Estimate, Sales $190.42M Beat $188.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rapid7 (NASDAQ:RPD) reported Q2 earnings of $0.18 per share, beating the analyst consensus estimate of $0.11 by 63.64%. This is a 1900% increase from the same period last year. The company also reported quarterly sales of $190.42 million, beating the analyst consensus estimate of $188.10 million by 1.23%, a 13.72% increase from the same period last year.
August 08, 2023 | 8:17 pm
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POSITIVE IMPACT
Rapid7's Q2 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Rapid7's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price in the short term. The significant increase in earnings and sales compared to the same period last year further strengthens this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100