Udemy Q2 2024 Adj. EPS $(0.04) Misses $(0.01) Estimate, Sales $194.360M Beat $194.161M Estimate
Portfolio Pulse from Benzinga Newsdesk
Udemy (NASDAQ:UDMY) reported Q2 2024 adjusted EPS of $(0.04), missing the $(0.01) estimate, but achieved sales of $194.360M, slightly beating the $194.161M estimate. Sales increased by 9.04% year-over-year.
July 31, 2024 | 8:36 pm
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Udemy reported a Q2 2024 adjusted EPS of $(0.04), missing the $(0.01) estimate by a significant margin. However, the company achieved sales of $194.360M, slightly beating the $194.161M estimate and showing a 9.04% increase year-over-year.
The significant miss on EPS is likely to have a negative short-term impact on the stock price, despite the slight beat on sales and year-over-year growth. Investors often react strongly to earnings misses, especially when the miss is by a large margin.
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