Reddit Q1 2024 GAAP EPS $(8.19) Misses $(6.97) Estimate, Sales $242.963M Beat $212.830M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reddit (NYSE:RDDT) reported Q1 2024 earnings with a GAAP EPS of $(8.19), missing the $(6.97) estimate, but sales of $242.963M exceeded the $212.830M forecast.
May 07, 2024 | 8:11 pm
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Reddit reported a larger-than-expected Q1 2024 loss per share but exceeded sales forecasts.
The mixed earnings report from Reddit, with a miss on EPS but a beat on sales, presents a nuanced picture for investors. The larger-than-expected loss could pressure the stock, but the sales beat indicates strong revenue growth, potentially offsetting some negative sentiment.
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RELEVANCE 100