Opera Q1 EPS $0.17 Misses $0.24 Estimate, Sales $101.87M Beat $100.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Opera (NASDAQ:OPRA) reported Q1 earnings of $0.17 per share, missing the consensus estimate of $0.24. However, their quarterly sales of $101.87M exceeded the estimate of $100.13M, marking a 17.02% increase from the previous year.
April 25, 2024 | 11:02 am
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NEUTRAL IMPACT
Opera reported lower-than-expected Q1 EPS at $0.17, missing estimates by 29.17%, but surpassed sales forecasts with $101.87M, a 17.02% YOY increase.
The miss in EPS could negatively impact investor sentiment and stock price in the short term. However, the beat on sales forecasts and significant year-over-year growth could offset some of the negative impact. The mixed results present a neutral outlook, as the positive sales performance may reassure investors about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100