Udemy Q1 2024 Adj EPS $0.03 Beats $(0.01) Estimate, Sales $196.846M Beat $194.919M Estimate
Portfolio Pulse from Benzinga Newsdesk
Udemy reported Q1 2024 earnings of $0.03 per share, surpassing the $(0.01) estimate, with sales of $196.846M beating the $194.919M estimate. This represents a 150% increase in EPS and an 11.57% increase in sales year-over-year.
May 02, 2024 | 8:43 pm
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Udemy's Q1 2024 earnings report exceeded expectations with an EPS of $0.03, beating the $(0.01) estimate, and sales reaching $196.846M, surpassing the $194.919M forecast.
Udemy's significant beat on both EPS and sales estimates for Q1 2024, showing substantial year-over-year growth in earnings and revenue, is likely to positively impact investor sentiment and the stock price in the short term. The company's performance indicates strong operational efficiency and market demand, which are key drivers for stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100