Rimini Street Q2 2024 GAAP EPS $(0.01) Misses $0.04 Estimate, Sales $103.10M Miss $105.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rimini Street (NASDAQ:RMNI) reported Q2 2024 GAAP EPS of $(0.01), missing the $0.04 estimate by 125%. Sales were $103.10M, missing the $105.44M estimate by 2.22% and down 3.12% from last year.
July 31, 2024 | 1:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rimini Street reported Q2 2024 GAAP EPS of $(0.01), missing the $0.04 estimate by 125%. Sales were $103.10M, missing the $105.44M estimate by 2.22% and down 3.12% from last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact RMNI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100