ON24 Q3 2023 Adj EPS $0.03 Up From $(0.07) YoY, Sales $39.22M Beat $38.01M Estimate
Portfolio Pulse from saritha@benzinga.com
ON24 reported Q3 2023 earnings of $0.03 per share, a 142.86% increase YoY. The company's quarterly sales were $39.22M, beating the analyst consensus estimate of $38.01M by 3.19%, but representing a 17.56% decrease from the same period last year.
November 07, 2023 | 9:51 pm
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NEUTRAL IMPACT
ON24's Q3 2023 earnings and sales beat estimates, but sales decreased compared to the same period last year.
ON24's earnings beat estimates, which is positive for the stock. However, the decrease in sales compared to the same period last year could negatively impact the stock. The net effect is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100