Redfin Q2 2024 GAAP EPS $(0.23) Beats $(0.27) Estimate, Sales $295.203M Beat $291.587M Estimate
Portfolio Pulse from Benzinga Newsdesk
Redfin (NASDAQ:RDFN) reported Q2 2024 GAAP EPS of $(0.23), beating the estimate of $(0.27). Sales were $295.203M, surpassing the $291.587M estimate and showing a 7.13% increase from last year's $275.556M.
August 06, 2024 | 8:32 pm
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POSITIVE IMPACT
Redfin's Q2 2024 earnings report shows a smaller-than-expected loss per share and higher-than-expected sales, indicating positive financial performance.
Redfin's better-than-expected EPS and sales figures suggest improved financial health and operational efficiency, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100