Alarm.com Holdings Q1 2024 Adj EPS $0.50 Beats $0.49 Estimate, Sales $223.283M Beat $219.462M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alarm.com Holdings (NASDAQ:ALRM) reported Q1 2024 adjusted EPS of $0.50, surpassing the $0.49 estimate, marking a 21.95% increase from the previous year. Sales reached $223.283M, exceeding the $219.462M estimate, a 6.47% increase year-over-year.
May 09, 2024 | 10:13 pm
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POSITIVE IMPACT
Alarm.com Holdings reported a strong Q1 2024 with earnings and sales surpassing estimates, indicating robust growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The reported growth over the previous year further strengthens the case for a positive impact on ALRM's stock price.
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