Monday.Com Q2 Adj. EPS $0.41 Beats $0.14 Estimate, Sales $175.70M Beat $169.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monday.Com reported Q2 earnings of $0.41 per share, beating the analyst consensus estimate of $0.14 by 192.86%. This is a 224.24% increase over losses from the same period last year. The company also reported quarterly sales of $175.70 million, beating the analyst consensus estimate of $169.20 million by 3.84%. This is a 42.02% increase over sales from the same period last year.
August 14, 2023 | 11:02 am
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POSITIVE IMPACT
Monday.Com's Q2 earnings and sales beat estimates, indicating strong financial performance. This could positively impact the company's stock price in the short term.
Monday.Com's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100