FinWise Q1 2024 GAAP EPS $0.25 Beats $0.23 Estimate, Sales $19.470M Miss $19.567M Estimate
Portfolio Pulse from Benzinga Newsdesk
FinWise reported Q1 2024 earnings of $0.25 per share, surpassing the $0.23 estimate, but its sales of $19.470M fell short of the $19.567M forecast. This represents a 13.79% decrease in earnings per share and a 17.06% increase in sales compared to the same period last year.
April 29, 2024 | 9:02 pm
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FinWise's Q1 2024 earnings exceeded expectations at $0.25 per share against a $0.23 estimate, but sales slightly missed estimates at $19.470M versus $19.567M expected.
The mixed results with an earnings beat but a slight miss on sales forecasts could lead to neutral market reactions in the short term. Investors might weigh the positive earnings surprise against the slight sales miss, leading to a balanced view on the stock's short-term prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100