Runway Gwth Fin Q1 2024 GAAP EPS $0.46, Inline, Sales $40.009M Beat $39.321M Estimate
Portfolio Pulse from Benzinga Newsdesk
Runway Growth Finance Corp (RWAY) reported Q1 2024 earnings of $0.46 per share, meeting analyst estimates, and sales of $40.009M, exceeding expectations of $39.321M. This represents a year-over-year earnings increase of 2.22% and a sales increase of 1.78%.
May 07, 2024 | 9:51 pm
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Runway Growth Finance Corp (RWAY) reported Q1 2024 earnings per share of $0.46, in line with estimates, and sales of $40.009M, beating estimates. Year-over-year, earnings and sales saw modest increases.
Meeting earnings estimates and exceeding sales forecasts typically have a positive impact on investor sentiment and stock price in the short term. The year-over-year growth in both earnings and sales further strengthens the positive outlook for RWAY, suggesting a likely upward movement in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100