Red Violet Q1 Adj $0.22 Up From $0.16 YoY, Sales $17.51M Up From $14.63M YoY
Portfolio Pulse from Benzinga Newsdesk
Red Violet reported a Q1 adjusted earnings increase to $0.22 per share from $0.16 YoY, with sales rising to $17.51M from $14.63M YoY.
May 08, 2024 | 9:40 pm
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POSITIVE IMPACT
Red Violet's Q1 earnings rose to $0.22 per share from $0.16 YoY, with a 19.73% increase in sales to $17.51M from $14.63M YoY.
The significant increase in both earnings per share and sales indicates strong financial performance and operational efficiency. This positive news is likely to instill investor confidence and could lead to a short-term uptick in RDVT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100