Remitly Global Q2 2024 GAAP EPS $(0.06) Beats $(0.11) Estimate, Sales $306.423M Beat $302.314M Estimate
Portfolio Pulse from Benzinga Newsdesk
Remitly Global (NASDAQ: RELY) reported Q2 2024 GAAP EPS of $(0.06), beating the $(0.11) estimate. Sales were $306.423M, surpassing the $302.314M estimate. This represents a 45.45% improvement in EPS and a 30.93% increase in sales year-over-year.
July 31, 2024 | 8:09 pm
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Remitly Global (NASDAQ: RELY) reported better-than-expected Q2 2024 results with a GAAP EPS of $(0.06) beating the $(0.11) estimate and sales of $306.423M surpassing the $302.314M estimate. This indicates a significant improvement in both earnings and revenue year-over-year.
The better-than-expected earnings and revenue figures indicate strong financial performance and growth for Remitly Global. The significant improvement in EPS and sales year-over-year is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100