Reddit Q2 2024 Adj EPS $(0.06) May Not Compare To $(0.33) Estimate, Sales $281.20M Beat $253.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reddit reported its Q2 2024 financial results with an adjusted EPS of $(0.06), which may not be comparable to the $(0.33) estimate. However, the company beat sales estimates, reporting $281.20 million compared to the expected $253.58 million.
August 06, 2024 | 8:05 pm
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Reddit's Q2 2024 financial results showed an adjusted EPS of $(0.06), which may not be comparable to the $(0.33) estimate. However, the company exceeded sales expectations with $281.20 million in revenue compared to the $253.58 million estimate.
The significant beat on sales estimates is a positive indicator for Reddit's financial health and future growth prospects, likely leading to a short-term positive impact on the stock price despite the unclear EPS comparison.
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