Nerdy Q1 2024 GAAP EPS $(0.07) Beats $(0.11) Estimate, Sales $53.727M Beat $52.199M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nerdy (NYSE:NRDY) reported Q1 2024 earnings with a smaller loss per share of $(0.07) compared to the expected $(0.11), and sales of $53.727M, surpassing the $52.199M estimate. This represents a significant improvement over the previous year's performance.
May 07, 2024 | 10:11 pm
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Nerdy reported a smaller than expected Q1 2024 loss and higher sales, indicating a positive trend in its financial performance.
Nerdy's better than expected Q1 2024 earnings report, with a significant beat on both EPS and sales estimates, suggests a positive outlook for the company. The improvement over last year's losses and the beat on sales forecasts are likely to instill investor confidence, potentially leading to a short-term uptick in NRDY's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100