AvePoint Q1 2024 GAAP EPS $(0.01) Beats $(0.05) Estimate, Sales $74.534M Beat $72.333M Estimate
Portfolio Pulse from Benzinga Newsdesk
AvePoint (NASDAQ:AVPT) reported Q1 2024 earnings with a GAAP EPS of $(0.01), surpassing the $(0.05) estimate, and sales of $74.534M, exceeding the $72.333M estimate. This represents an 80% improvement in EPS and a 25.12% increase in sales year-over-year.
May 09, 2024 | 8:34 pm
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AvePoint reported a significant beat on both EPS and sales estimates for Q1 2024, showing strong year-over-year growth.
Beating both EPS and sales estimates significantly, especially with an 80% improvement in EPS and a 25.12% increase in sales year-over-year, indicates strong financial health and operational efficiency. This performance is likely to instill investor confidence and could lead to a positive short-term price movement for AVPT.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100