Redfin Q4 2023 GAAP EPS $(0.20) Beats $(0.22) Estimate, Sales $218.08M Miss $220.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Redfin (NASDAQ:RDFN) reported Q4 2023 earnings with a GAAP EPS of $(0.20), surpassing the $(0.22) estimate. However, its sales of $218.08M fell short of the $220.32M estimate, marking a 54.54% decrease from the previous year.

February 27, 2024 | 9:24 pm
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Redfin reported Q4 2023 earnings with a better-than-expected GAAP EPS of $(0.20) but missed sales estimates, showing a significant year-over-year decline.
While Redfin's EPS outperformed expectations, the miss on sales estimates and the significant decrease in sales compared to the previous year could lead to mixed reactions in the short term. The better-than-expected EPS might provide some positive sentiment, but the sales miss and significant year-over-year decline could temper any potential upside.
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