Bumble Q4 2023 GAAP EPS $(0.19) Misses $0.12 Estimate, Sales $273.64M Miss $275.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bumble (NASDAQ:BMBL) reported Q4 2023 GAAP EPS of $(0.19), missing the $0.12 estimate, with sales of $273.64M also missing the $275.29M estimate. This represents a 13.25% increase in sales compared to the same period last year.
February 27, 2024 | 9:18 pm
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Bumble reported a Q4 2023 GAAP EPS of $(0.19), missing estimates, with sales of $273.64M also below expectations but showing a 13.25% year-over-year growth.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth may mitigate some negative impact.
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