Grab Q2 EPS $(0.03) Beats $(0.05) Estimate, Sales $567.00M Beat $546.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grab Holdings (NASDAQ:GRAB) reported Q2 earnings per share (EPS) of $(0.03), beating the analyst consensus estimate of $(0.05) by 40%. This is an 80% increase over losses from the same period last year. The company also reported quarterly sales of $567.00 million, beating the analyst consensus estimate of $546.12 million by 3.82%. This is a 76.64% increase over sales from the same period last year.
August 23, 2023 | 11:00 am
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POSITIVE IMPACT
Grab Holdings reported better than expected Q2 earnings and sales, indicating a strong financial performance.
Grab Holdings reported Q2 earnings and sales that beat analyst estimates. This indicates a strong financial performance, which is likely to positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100