Redfin Q1 2024 GAAP EPS $(0.57) Beats $(0.58) Estimate, Sales $225.479M Beat $217.836M Estimate
Portfolio Pulse from Benzinga Newsdesk
Redfin (NASDAQ:RDFN) reported Q1 2024 earnings with a GAAP EPS of $(0.57), surpassing the $(0.58) estimate, and sales of $225.479M, exceeding the $217.836M estimate. This represents a slight decrease in EPS and an increase in sales compared to the same period last year.
May 07, 2024 | 9:14 pm
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Redfin reported a better-than-expected Q1 2024 GAAP EPS of $(0.57) and sales of $225.479M, indicating a slight EPS decrease but a sales increase from the previous year.
Redfin's earnings beat and sales growth are likely to be viewed positively by investors, potentially leading to a short-term uptick in stock price. The EPS beat, despite being a decrease from the previous year, along with the sales increase, suggests operational efficiency and market growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100