Alarm.com Holdings Q2 EPS $0.49 Beats $0.36 Estimate, Sales $223.88M Beat $214.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alarm.com Holdings (NASDAQ:ALRM) reported Q2 earnings of $0.49 per share, beating the analyst consensus estimate of $0.36 by 36.11%. The company also reported quarterly sales of $223.88 million, surpassing the analyst consensus estimate of $214.46 million by 4.39%. This represents a 5.18% increase over sales of $212.84 million in the same period last year.
August 09, 2023 | 8:11 pm
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POSITIVE IMPACT
Alarm.com Holdings reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
Alarm.com Holdings reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100