FinWise Q2 2024 GAAP EPS $0.24 Beats $0.18 Estimate, Sales $19.453M Miss $19.454M Estimate
Portfolio Pulse from Benzinga Newsdesk
FinWise (NASDAQ:FINW) reported Q2 2024 earnings per share (EPS) of $0.24, beating the analyst estimate of $0.18 by 33.33%. However, sales of $19.453 million slightly missed the estimate of $19.454 million. EPS decreased by 31.43% year-over-year, while sales increased by 2.58%.
July 25, 2024 | 8:47 pm
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FinWise reported Q2 2024 EPS of $0.24, beating estimates by 33.33%, but sales of $19.453 million missed by a slight margin. EPS decreased by 31.43% year-over-year, while sales increased by 2.58%.
The significant EPS beat is likely to have a positive short-term impact on the stock price despite the slight miss in sales. The year-over-year decrease in EPS may temper some of the enthusiasm, but the overall positive earnings surprise should drive the stock up.
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