ACV Auctions Q3 2023 Gaap EPS $(0.11) Beats $(0.15) Estimate, Sales $119.01M Beat $118.24M Estimate
Portfolio Pulse from saritha@benzinga.com
ACV Auctions (NASDAQ:ACVA) reported Q3 2023 GAAP EPS of $(0.11), beating the estimate of $(0.15) by 26.67%. The company also reported quarterly sales of $119.01M, surpassing the estimate of $118.24M by 0.65%. Both figures represent an increase from the same period last year.
November 06, 2023 | 9:11 pm
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POSITIVE IMPACT
ACV Auctions reported better than expected Q3 2023 results, with EPS and sales beating estimates. This could positively impact the company's stock in the short term.
ACV Auctions reported better than expected earnings and sales for Q3 2023, beating analyst estimates. This positive 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