AppFolio Q4 Sales $171.80M Beat $162.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
AppFolio (NASDAQ:APPF) reported Q4 sales of $171.80 million, surpassing the analyst consensus estimate of $162.71 million by 5.59%. This represents a 38.48% increase compared to $124.06 million in sales during the same period last year.
January 25, 2024 | 9:10 pm
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AppFolio reported a strong Q4 with sales of $171.80 million, exceeding estimates by 5.59% and showing significant year-over-year growth.
The positive earnings report with a significant beat on sales estimates and a substantial year-over-year growth is likely to instill investor confidence and could lead to a short-term increase in AppFolio's stock price.
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