Advantage Solutions Q1 2024 GAAP EPS $(0.02) Beats $(0.05) Estimate, Sales $906.000M Beat $867.515M Estimate
Portfolio Pulse from Benzinga Newsdesk
Advantage Solutions (NASDAQ:ADV) reported Q1 2024 earnings with a GAAP EPS of $(0.02), surpassing the $(0.05) estimate, and sales of $906M, exceeding the $867.515M estimate. This represents a 10.47% decrease in sales compared to the same period last year.
May 09, 2024 | 11:17 am
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Advantage Solutions reported better-than-expected Q1 2024 earnings and sales, with a slight EPS loss but significant sales outperformance against estimates.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and stock price in the short term. However, the year-over-year decrease in sales might temper some of the positive momentum, indicating that while the company is performing better than expected, it's still facing challenges in growing or maintaining its revenue.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100