AppLovin Q2 EPS $0.22 Beats $0.07 Estimate, Sales $750.16M Beat $724.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
AppLovin (NASDAQ:APP) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.07 by 214.29%. This is a 466.67% increase over losses of $(0.06) per share from the same period last year. The company also reported quarterly sales of $750.16 million, beating the analyst consensus estimate of $724.27 million by 3.58%. However, this is a 3.36% decrease over sales of $776.23 million the same period last year.
August 09, 2023 | 8:06 pm
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NEUTRAL IMPACT
AppLovin's Q2 earnings and sales beat estimates, which could positively impact the stock. However, the decrease in sales compared to last year might temper this impact.
AppLovin's Q2 earnings beat estimates significantly, which is typically positive for the stock. However, the decrease in sales compared to the same period last year might be a concern for investors, potentially tempering the positive impact of the earnings beat.
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RELEVANCE 100