FlexShopper Q2 2024 GAAP EPS $(0.13) Beats $(0.14) Estimate, Sales $31.759M Miss $32.597M Estimate
Portfolio Pulse from Benzinga Newsdesk
FlexShopper (NASDAQ:FPAY) reported Q2 2024 GAAP EPS of $(0.13), beating the $(0.14) estimate, but sales of $31.759M missed the $32.597M estimate. Sales increased by 29.46% year-over-year.
August 06, 2024 | 9:53 pm
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FlexShopper reported a Q2 2024 GAAP EPS of $(0.13), beating the $(0.14) estimate, but sales of $31.759M missed the $32.597M estimate. Sales increased by 29.46% year-over-year.
While FlexShopper's EPS beat expectations, the sales miss and the overall mixed results may lead to a neutral short-term impact on the stock price. The significant year-over-year sales increase is a positive sign, but the miss on sales estimates could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100