Bandwidth Q2 2024 Adj. EPS $0.29 Beats $0.24 Estimate, Sales $173.602M Beat $173.325M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bandwidth reported Q2 2024 adjusted EPS of $0.29, beating the estimate of $0.24. Sales were $173.602 million, surpassing the estimate of $173.325 million.
August 01, 2024 | 10:30 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bandwidth reported better-than-expected Q2 2024 results with an adjusted EPS of $0.29, beating the estimate of $0.24, and sales of $173.602 million, surpassing the estimate of $173.325 million.
The better-than-expected earnings and sales figures are likely to positively impact Bandwidth's stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100