Grab Hldgs Q4 GAAP EPS $0.01 Beats $(0.01) Estimate, Sales $653.00M Beat $628.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grab Holdings (NASDAQ:GRAB) reported Q4 GAAP EPS of $0.01, surpassing the $(0.01) estimate, marking a 200% beat and a 110% increase from last year's $(0.10) per share loss. Quarterly sales reached $653M, exceeding the $628.98M estimate by 3.82% and showing a 30.08% increase from the previous year's $502M.
February 22, 2024 | 11:13 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Grab Holdings reported a significant beat on both EPS and sales estimates for Q4, with EPS turning positive compared to last year's loss and sales showing strong year-over-year growth.
The positive earnings report, showing both a beat on EPS and sales estimates, indicates strong operational performance and growth. This is likely to instill investor confidence and could lead to a short-term positive impact on GRAB's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100