Flywire Q1 EPS $(0.05) Misses $(0.02) Estimate, Sales $114.10M Beat $109.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flywire (NASDAQ:FLYW) reported Q1 EPS of $(0.05), missing estimates by 150% and marking a 66.67% decrease from last year. However, sales of $114.10M exceeded estimates by 3.82%, showing a 20.93% increase from the previous year.
May 07, 2024 | 8:13 pm
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Flywire's Q1 earnings missed EPS estimates but surpassed sales forecasts, indicating mixed financial health.
The miss on EPS estimates by 150% could concern investors about profitability, potentially pressuring the stock. However, the beat on sales forecasts and a significant year-over-year sales increase might offset concerns, suggesting growth potential. The mixed results create uncertainty, leading to a neutral short-term impact.
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