Crexendo Q2 EPS $0.04 Beats $0.01 Estimate, Sales $12.67M Beat $11.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crexendo (NASDAQ:CXDO) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $0.01 by 300%. This is a 100% increase from the same period last year. The company also reported quarterly sales of $12.67 million, beating the analyst consensus estimate of $11.83 million by 7.10%. This is a 43.23% increase from the same period last year.
August 10, 2023 | 8:30 pm
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POSITIVE IMPACT
Crexendo's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Crexendo's Q2 earnings and sales have significantly exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price. The 100% increase in earnings and 43.23% increase in sales YoY further strengthen this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100