Reported Late Wednesday, Grab Hldgs Q1 EPS $(0.03) Up From $(0.06) YoY, Sales $653.00M Beat $636.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grab Holdings (NASDAQ:GRAB) reported Q1 EPS of $(0.03), an improvement from $(0.06) YoY, and sales of $653M, beating the $636.8M estimate.
May 16, 2024 | 7:15 am
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Grab Holdings reported a significant improvement in its quarterly EPS and beat sales estimates, indicating positive financial performance.
The improvement in EPS from $(0.06) to $(0.03) and the sales beat of $653M over the $636.8M estimate suggest better-than-expected financial performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100