Expensify Q1 2024 Adj EPS $0.04 Misses $0.05 Estimate, Sales $33.535M Miss $35.525M Estimate
Portfolio Pulse from Benzinga Newsdesk
Expensify reported Q1 2024 earnings of $0.04 per share, missing the consensus estimate of $0.05, and sales of $33.535M, missing the estimate of $35.525M. This represents a decrease from the same period last year.
May 09, 2024 | 8:55 pm
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NEGATIVE IMPACT
Expensify's Q1 2024 earnings and sales fell short of analyst estimates, indicating potential challenges ahead.
Missing both earnings and sales estimates can lead to negative investor sentiment and potentially lower stock prices in the short term. The year-over-year decrease in earnings and sales further compounds the potential negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100