FlexShopper Q3 EPS $(0.01) Beats $(0.25) Estimate, Sales $31.39M Beat $24.52M Estimate
Portfolio Pulse from bharat@benzinga.com
FlexShopper (NASDAQ:FPAY) reported Q3 earnings with a loss of $(0.01) per share, significantly beating the $(0.25) estimate and showing a 96.88% improvement from the $(0.32) loss per share in the same quarter last year. Sales reached $31.39M, surpassing the $24.52M estimate by 28.00% and marking a 20.06% increase from last year's $26.14M.
November 14, 2023 | 9:43 pm
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POSITIVE IMPACT
FlexShopper reported a much smaller loss per share and higher sales than expected for Q3, indicating strong performance and potential growth.
FlexShopper's significant beat on both earnings per share and sales estimates is likely to be viewed positively by investors. The substantial outperformance compared to analyst expectations and the year-over-year growth suggest a strong financial position and operational efficiency, which could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100