Remitly Global Q4 EPS $(0.19) Beats $(0.20) Estimate, Sales $264.76M Beat $261.32M Estimate
Portfolio Pulse from Happy Mohamed
Remitly Global (NASDAQ:RELY) reported Q4 earnings with a loss of $(0.19) per share, surpassing the $(0.20) estimate. Sales reached $264.76M, exceeding the $261.32M forecast. This represents a 72.73% decrease in losses per share compared to last year, and a 38.59% increase in sales from the same period.
February 21, 2024 | 9:06 pm
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Remitly Global reported better-than-expected Q4 earnings and sales, indicating a strong performance despite a decrease in EPS year-over-year.
The positive earnings report, with both earnings per share and sales exceeding analyst expectations, suggests a strong operational performance. Despite the year-over-year decrease in EPS, the significant sales growth and earnings beat are likely to be viewed positively by investors, potentially leading to a short-term uptick in stock price.
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IMPORTANCE 90
RELEVANCE 100