Rimini Street Q3 2023 Adj EPS $0.13 Beats $0.10 Estimate, Sales $107.45M Beat $106.32M Estimate
Portfolio Pulse from totan@benzinga.com
Rimini Street (NASDAQ:RMNI) reported Q3 2023 earnings of $0.13 per share, beating the analyst consensus estimate of $0.10 by 30%. This is a 44.44% increase from the same period last year. The company also reported quarterly sales of $107.45 million, beating the analyst consensus estimate of $106.32 million by 1.07%. This is a 5.42% increase from the same period last year.
November 01, 2023 | 9:04 pm
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POSITIVE IMPACT
Rimini Street's Q3 2023 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Rimini Street's earnings and sales for Q3 2023 have exceeded analyst estimates, which is typically a positive signal for investors. This strong financial performance 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