Nuvei Q2 2024 Adj. EPS $0.41 Misses $0.46 Estimate, Sales $345.478M Beat $332.859M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuvei (NASDAQ:NVEI) reported Q2 2024 earnings per share of $0.41, missing the analyst estimate of $0.46. However, the company beat sales estimates with $345.478 million, a 12.52% increase from the previous year.
August 06, 2024 | 9:04 pm
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Nuvei's Q2 2024 earnings per share of $0.41 missed the analyst estimate of $0.46, but the company reported sales of $345.478 million, beating the estimate of $332.859 million. This mixed result may lead to short-term volatility in the stock price.
The mixed earnings report, with EPS missing estimates but sales beating expectations, is likely to create short-term volatility in Nuvei's stock price. Investors may react negatively to the EPS miss but positively to the sales beat.
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