Magnite: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Magnite (NASDAQ:MGNI) reported Q4 earnings with an EPS of $0.29, beating estimates by 7%, and revenue increased by $11.53 million year-over-year. This follows a pattern of exceeding EPS estimates in previous quarters.
February 28, 2024 | 9:20 pm
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Magnite reported a Q4 EPS of $0.29, surpassing estimates by 7%, and saw a year-over-year revenue increase of $11.53 million.
Magnite's Q4 earnings beat and consistent past performance of exceeding EPS estimates suggest a positive short-term impact on its stock price. Historical data shows a positive correlation between earnings beats and subsequent stock price movements.
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RELEVANCE 100