Recap: Redfin Q4 Earnings
Portfolio Pulse from Benzinga Insights
Redfin (NASDAQ:RDFN) reported Q4 earnings with an EPS of $-0.2, beating estimates by 9.0% but with a revenue decrease from the previous year. Past quarters show a pattern of beating EPS estimates.
February 27, 2024 | 9:25 pm
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Redfin reported a Q4 EPS of $-0.2, surpassing estimates by 9.0%, but experienced a revenue decline from the same period last year.
Redfin's Q4 earnings beat, showing a positive surprise on EPS, could lead to a short-term positive sentiment among investors, similar to the past quarter's 22.0% share price increase post-earnings. However, the revenue decline might temper some of the optimism, making the overall impact likely positive but with caution due to revenue concerns.
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