FlexShopper Q1 2024 GAAP EPS $(0.06) Beats $(0.13) Estimate, Sales $33.900M Beat $29.193M Estimate
Portfolio Pulse from Benzinga Newsdesk
FlexShopper (NASDAQ:FPAY) reported Q1 2024 earnings with a GAAP EPS of $(0.06), surpassing the $(0.13) estimate, and sales of $33.900M, exceeding the $29.193M estimate. This represents a 10.11% increase in sales compared to the same period last year.
May 13, 2024 | 8:40 pm
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FlexShopper reported a significant beat on both EPS and sales estimates for Q1 2024, with a 10.11% YOY increase in sales.
Beating EPS and sales estimates significantly, especially by 53.85% for EPS and 16.12% for sales, indicates strong financial health and operational efficiency. This outperformance, coupled with a notable year-over-year sales growth, is likely to instill investor confidence and could lead to a positive short-term price movement for FPAY.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100