AvidXchange Holdings Q2 2024 Adj. EPS $0.05 Beats $0.04 Estimate, Sales $105.132M Miss $106.914M Estimate
Portfolio Pulse from Benzinga Newsdesk
AvidXchange Holdings (NASDAQ: AVDX) reported Q2 2024 adjusted EPS of $0.05, beating the estimate of $0.04. However, sales of $105.132 million missed the estimate of $106.914 million. Sales increased by 15.33% year-over-year.
July 31, 2024 | 10:52 am
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AvidXchange Holdings reported Q2 2024 adjusted EPS of $0.05, beating the estimate of $0.04. However, sales of $105.132 million missed the estimate of $106.914 million. Sales increased by 15.33% year-over-year.
The EPS beat is a positive indicator, but the sales miss could offset some of the positive sentiment. The year-over-year sales growth of 15.33% is a strong point, but the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100