On Monday February 26, 2024, Agora Reported Q4 Adj. EPS $0.01 Beats $(0.09) Estimate, Sales $36.04M Miss $41.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agora (NASDAQ:API) reported Q4 adjusted EPS of $0.01, surpassing the $(0.09) estimate, marking a 111.11% beat and a 107.14% increase from last year's $(0.14) per share. However, Q4 sales of $36.04M fell short of the $41.74M estimate by 13.65%, a 10.16% decrease from last year's $40.12M.
February 27, 2024 | 4:53 pm
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Agora reported a Q4 adjusted EPS of $0.01, beating the $(0.09) estimate significantly, but missed sales estimates with $36.04M against the expected $41.74M.
Agora's mixed Q4 results, with a significant beat on EPS but a miss on sales, could lead to a neutral short-term impact on its stock price. The positive earnings surprise may be offset by the revenue shortfall, leading to uncertain market reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100