Rapid7 Q1 2024 Adj EPS $0.55 Beats $0.54 Estimate, Sales $205.101M Beat $204.026M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rapid7 (NASDAQ:RPD) reported Q1 2024 adjusted EPS of $0.55, surpassing the $0.54 estimate, marking a 243.75% increase from last year's $0.16. Sales reached $205.101M, exceeding the $204.026M estimate, up 11.97% from $183.174M in the same period last year.
May 07, 2024 | 8:53 pm
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Rapid7 reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.55 against a $0.54 estimate and sales of $205.101M against a $204.026M estimate.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The substantial year-over-year growth in earnings and sales further underscores the company's strong performance and potential for future growth, making this news highly relevant and important for investors in RPD.
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