Ryvyl: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ryvyl (NASDAQ:RVYL) reported Q4 earnings with an EPS of $-1.17, missing estimates by -192.0% against an expected $-0.4. Revenue increased by $11.15 million year-over-year. Historically, Ryvyl's share price dropped 9.0% the day after missing EPS estimates last quarter.
March 26, 2024 | 9:00 pm
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NEGATIVE IMPACT
Ryvyl reported a significant miss in Q4 earnings with an EPS of $-1.17 against an expected $-0.4, but showed an increase in revenue by $11.15 million from the previous year.
The significant miss in earnings expectations is likely to negatively impact investor sentiment in the short term, as historical data shows a 9.0% drop in share price following an earnings miss last quarter. The increase in revenue may provide some buffer, but the magnitude of the earnings miss (-192%) is expected to have a more pronounced negative effect.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100