Riskified Shares Gain On Q2 Earnings Beat; Clocks 21% Revenue Growth
Portfolio Pulse from Nabaparna Bhattacharya
Riskified Ltd. (NYSE:RSKD) reported a 21% YoY revenue growth in Q2 FY23, beating consensus estimates. The company also reported a breakeven adjusted EPS, beating the expected loss. The company's gross merchandise volume grew by 21.9% YoY. Riskified also authorized a share repurchase of up to $75 million. The company tightened its FY23 revenue guidance to $298 million-$303 million.
August 15, 2023 | 3:08 pm
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POSITIVE IMPACT
Riskified's Q2 earnings beat and share repurchase authorization could boost investor confidence, potentially driving the stock price up in the short term.
Riskified's better-than-expected Q2 results and share repurchase authorization signal strong financial health and management confidence in the company's future, which could attract investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100