Crexendo Q1 2024 Adj EPS $0.06 Beats $0.05 Estimate, Sales $14.286M Beat $14.069M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crexendo (NASDAQ:CXDO) reported Q1 2024 adjusted EPS of $0.06, surpassing the $0.05 estimate, and sales of $14.286M, exceeding the $14.069M estimate. This represents a 200% increase in EPS and a 14.37% increase in sales from the same period last year.
May 07, 2024 | 10:07 pm
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Crexendo reported a significant beat on both earnings and sales estimates for Q1 2024, with a 200% increase in EPS and a 14.37% increase in sales year-over-year.
Crexendo's substantial beat on both earnings per share and sales estimates for Q1 2024, compared to analyst expectations, indicates strong financial performance and operational efficiency. The significant year-over-year growth in EPS and sales further underscores the company's positive momentum. This performance is likely to instill investor confidence and could lead to a short-term uptick in the stock price, given the better-than-expected financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100