Software Supplier Ebix Reports Q2 Revenue Growth, But Misses Consensus By 67%
Portfolio Pulse from Anusuya Lahiri
Ebix, Inc reported Q2 2023 revenue growth of 3.1% year-on-year to $118.4 million, missing the consensus of $197.9 million. Adjusted EPS of $0.23 also missed the consensus of $0.24. The company's shares traded lower by 11.1% in premarket.
August 09, 2023 | 3:38 pm
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Ebix's Q2 2023 revenue and EPS missed expectations, causing a drop in its stock price.
Ebix's Q2 2023 revenue and EPS fell short of the consensus, which likely disappointed investors and led to a decrease in the company's stock price. The company's financial performance is a key factor that investors consider when making investment decisions, and underperformance can lead to a sell-off of the company's shares.
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RELEVANCE 100