AvidXchange Holdings Q3 Adj EPS $0.03 Beats $(0.03) Estimate, Sales $98.68M Beat $94.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
AvidXchange Holdings (NASDAQ:AVDX) reported Q3 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.03) by 193.33%. This is a 147.46% increase over losses of $(0.06) per share from the same period last year. The company also reported quarterly sales of $98.68 million, beating the analyst consensus estimate of $94.70 million by 4.20%. This is a 19.74% increase over sales of $82.41 million the same period last year.
November 08, 2023 | 11:49 am
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POSITIVE IMPACT
AvidXchange's Q3 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
AvidXchange reported better than expected Q3 earnings and sales, which is a positive signal for investors. This 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