Olo Q2 2024 Adj. EPS $0.05, Inline, Sales $70.504M Beat $67.748M Estimate
Portfolio Pulse from Benzinga Newsdesk
Olo (NYSE:OLO) reported Q2 2024 earnings per share of $0.05, meeting analyst expectations. The company also reported sales of $70.504 million, surpassing the $67.748 million estimate by 4.07%, and marking a 27.61% increase from the same period last year.
July 31, 2024 | 8:52 pm
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Olo reported Q2 2024 earnings per share of $0.05, meeting analyst expectations. Sales of $70.504 million beat estimates by 4.07% and increased 27.61% year-over-year.
Olo's earnings per share met expectations, which is neutral news. However, the significant beat on sales estimates and the substantial year-over-year growth are positive indicators for the company's performance, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100