CORRECTION: eXp World Holdings Q1 Adj $(0.02) Beats $(0.06) Estimate, Sales $943.05M Beat $893.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
eXp World Holdings (EXPI) reported Q1 adjusted losses of $(0.02) per share, surpassing the $(0.06) estimate, and sales of $943.05M, exceeding the $893.24M estimate. This represents a 300% decrease in earnings and an 11.15% increase in sales year-over-year.
May 02, 2024 | 2:59 am
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POSITIVE IMPACT
eXp World Holdings reported better-than-expected Q1 results with smaller losses and higher sales than anticipated, indicating strong performance.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant outperformance in both key metrics, despite a year-over-year decrease in earnings, highlights the company's resilience and growth in sales, which could attract more investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100