Remitly Global Q1 EPS $(0.11) Beats $(0.14) Estimate, Sales $269.12M Miss $273.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Remitly Global (NASDAQ:RELY) reported Q1 EPS of $(0.11), beating estimates of $(0.14) by 21.43%, but missed sales estimates with $269.12M against the expected $273.97M. Year-over-year, EPS improved by 31.25% and sales increased by 32.01%.
May 01, 2024 | 8:11 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Remitly Global reported a better-than-expected Q1 EPS of $(0.11) but missed on sales with $269.12M versus the expected $273.97M.
The mixed results with an EPS beat but a slight miss on sales forecasts could lead to a neutral short-term impact on Remitly Global's stock price. The improvement in EPS year-over-year is positive, but the sales miss, albeit small, may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100