Expensify Q2 Adj EPS $(0.01) Misses $0.05 Estimate, Sales $38.88M Miss $41.49M Estimate
Portfolio Pulse from mahesh@benzinga.com
Expensify (NASDAQ:EXFY) reported Q2 earnings per share of $(0.01), missing the analyst consensus estimate of $0.05 by 120 percent. This is a 112.5 percent decrease from the same period last year. The company also reported quarterly sales of $38.88 million, missing the analyst consensus estimate of $41.49 million by 6.28 percent, a 9.91 percent decrease from the same period last year.
August 08, 2023 | 8:31 pm
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NEGATIVE IMPACT
Expensify's Q2 earnings and sales fell short of analyst estimates, which could negatively impact the stock in the short term.
Expensify's Q2 earnings and sales both missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100