FiscalNote Holdings Q1 2024 Adj EPS $(0.12) Beats $(0.17) Estimate, Sales $32.112M Beat $31.111M Estimate
Portfolio Pulse from Benzinga Newsdesk
FiscalNote Holdings (NYSE:NOTE) reported Q1 2024 earnings with an adjusted EPS of $(0.12), surpassing the $(0.17) estimate, and sales of $32.112M, exceeding the $31.111M estimate. This represents a 20% increase in losses compared to the same period last year but a 1.85% increase in sales.
May 09, 2024 | 11:39 am
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FiscalNote Holdings reported a smaller-than-expected Q1 2024 loss and higher sales, indicating potential growth despite increased losses.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. However, the increase in losses year-over-year might temper some of the optimism.
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