Recap: Bumble Q3 Earnings
Portfolio Pulse from Benzinga Insights
Bumble (NASDAQ:BMBL) reported its Q3 earnings, beating estimated earnings by 71.43% with an EPS of $0.12 versus an estimate of $0.07. Revenue was up $42.87 million from the same period last year. However, last quarter's earnings beat was followed by a 7.67% drop in the share price the next day.
November 07, 2023 | 9:25 pm
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Bumble's Q3 earnings beat estimates significantly, which could lead to a positive market reaction. However, last quarter's earnings beat was followed by a drop in share price.
Bumble's significant earnings beat could be seen as a positive sign by investors, potentially leading to an increase in the stock price. However, the fact that last quarter's earnings beat was followed by a drop in share price suggests that investors may react cautiously.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100