Weave Communications Q3 Adj EPS $(0.01) Beats $(0.06) Estimate, Sales $43.54M Beat $42.34M Estimate
Portfolio Pulse from mahesh@benzinga.com
Weave Communications (NYSE:WEAV) reported Q3 adjusted EPS of $(0.01), beating the estimate of $(0.06) by 83.33%. This is a 90% increase over losses from the same period last year. The company also reported quarterly sales of $43.54M, beating the estimate of $42.34M by 2.84%, a 20.19% increase from last year.
November 01, 2023 | 9:11 pm
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Weave Communications reported better than expected Q3 results, with a smaller loss and higher sales than estimated.
Weave Communications reported a smaller loss and higher sales than expected for Q3. 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