ON24 Q4 2023 Adj EPS $0.06 Beats $0.01 Estimate, Sales $39.34M Beat $37.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
ON24 (NYSE:ONTF) reported Q4 2023 earnings of $0.06 per share, surpassing the $0.01 estimate by 500%. Sales reached $39.34M, beating the $37.25M estimate by 5.59%, but marking a 15.53% decrease from the previous year's $46.57M.
February 22, 2024 | 9:41 pm
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ON24 reported a significant beat on both earnings and sales estimates for Q4 2023, with earnings of $0.06 per share and sales of $39.34M.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts for ON24 suggests a strong performance that could positively impact its stock price in the short term.
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RELEVANCE 100