Runway Gwth Fin Q4 2023 GAAP EPS $0.450 Misses $0.480 Estimate, Sales $39.225M Miss $40.406M Estimate
Portfolio Pulse from Benzinga Newsdesk
Runway Growth Finance Corp (RWAY) reported Q4 2023 earnings of $0.450 per share, missing the consensus estimate of $0.480. Quarterly sales were $39.225M, below the estimate of $40.406M but represent a 6.57% increase from the previous year.
March 07, 2024 | 9:48 pm
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NEGATIVE IMPACT
Runway Growth Finance Corp's Q4 2023 earnings and sales missed estimates, but sales showed a year-over-year increase.
Missing both earnings and sales estimates typically has a negative short-term impact on a company's stock price. However, the year-over-year sales growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100