TrueCar Q1 2024 GAAP EPS $(0.06) Beats $(0.07) Estimate, Sales $41.052M Beat $41.018M Estimate
Portfolio Pulse from Benzinga Newsdesk
TrueCar (NASDAQ:TRUE) reported Q1 2024 earnings with a smaller loss per share of $(0.06) compared to estimates of $(0.07) and a previous year's loss of $(0.22). Sales reached $41.052M, slightly above estimates of $41.018M and up 11.01% from the previous year.
April 29, 2024 | 8:36 pm
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TrueCar reported a smaller-than-expected Q1 2024 loss and higher sales, indicating financial improvement.
TrueCar's earnings beat and sales increase suggest operational efficiency and market strength, likely leading to positive investor sentiment and potential stock price increase in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100