Flywire Q4 2023 GAAP EPS $0.01 Beats $(0.06) Estimate, Sales $100.55M Beat $90.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flywire (NASDAQ:FLYW) reported Q4 2023 GAAP EPS of $0.01, surpassing the $(0.06) estimate, with sales of $100.55M exceeding the $90.61M forecast. This represents a 37.63% increase in sales compared to the same period last year.
February 27, 2024 | 9:26 pm
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Flywire reported a significant beat on both EPS and sales estimates for Q4 2023, with a notable year-over-year sales growth of 37.63%.
Beating both EPS and sales estimates significantly, especially by a margin as wide as 116.67% for EPS, indicates strong financial health and operational efficiency. This outperformance, coupled with a substantial year-over-year sales growth, is likely to instill investor confidence and could lead to a positive short-term impact on Flywire's stock price.
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IMPORTANCE 90
RELEVANCE 100