Grid Dynamics Holdings Q1 2024 Adj EPS $0.07, Inline, Sales $79.817M Beat $77.874M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grid Dynamics Holdings (NASDAQ:GDYN) reported Q1 2024 earnings of $0.07 per share, meeting consensus estimates but marking a 12.5% decrease from the previous year. Sales reached $79.817M, exceeding estimates by 2.50% but slightly down by 0.33% from last year.
May 02, 2024 | 8:43 pm
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Grid Dynamics Holdings reported Q1 2024 earnings per share of $0.07, aligning with estimates but showing a 12.5% decrease from last year. Sales were $79.817M, surpassing expectations but marginally lower than the previous year.
While GDYN met earnings estimates and exceeded sales forecasts, the slight year-over-year decrease in both metrics may temper investor enthusiasm. The alignment with estimates suggests stability, but the marginal declines indicate potential areas of concern for growth-focused investors. The overall impact is neutral as the positive sales beat may offset concerns over the earnings decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100