Appian Q2 2024 Adj. EPS $(0.26) Beats $(0.31) Estimate, Sales $146.450M Beat $142.954M Estimate
Portfolio Pulse from Benzinga Newsdesk
Appian Corporation (APPN) reported its Q2 2024 financial results, with an adjusted EPS of $(0.26), beating the estimate of $(0.31). The company also reported sales of $146.450 million, surpassing the expected $142.954 million.
August 01, 2024 | 11:08 am
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Appian Corporation (APPN) reported better-than-expected Q2 2024 results, with an adjusted EPS of $(0.26) beating the $(0.31) estimate and sales of $146.450 million surpassing the $142.954 million estimate.
The better-than-expected earnings and revenue figures are likely to positively impact Appian'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