Rimini Street Q1 2024 Adj EPS $0.08 Misses $0.10 Estimate, Sales $106.745M Beat $106.209M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rimini Street (NASDAQ:RMNI) reported Q1 2024 earnings of $0.08 per share, missing the consensus estimate of $0.10, a 33.33% decrease from last year. However, sales of $106.745M exceeded estimates by 0.51%, marking a 1.17% increase from the previous year.
May 02, 2024 | 11:19 am
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Rimini Street reported a miss on Q1 2024 EPS at $0.08 vs. the expected $0.10 but beat sales estimates with $106.745M, indicating mixed financial health.
The miss on the EPS estimate could negatively impact investor sentiment due to concerns over profitability. However, the beat on sales estimates may offset some of the negative sentiment by indicating continued revenue growth. The mixed results present a neutral short-term outlook for RMNI's stock price.
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