Bumble Q2 2024 Adj EPS $0.22 Beats $0.13 Estimate, Sales $269.00M Miss $273.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bumble (NASDAQ:BMBL) reported Q2 2024 adjusted EPS of $0.22, beating the estimate of $0.13 by 69.23%. However, sales of $269.00M missed the $273.12M estimate by 1.51%, though it represents a 3.57% increase from the same period last year.
August 07, 2024 | 8:07 pm
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POSITIVE IMPACT
Bumble's Q2 2024 adjusted EPS of $0.22 beat estimates by 69.23%, but sales of $269.00M missed the $273.12M estimate by 1.51%. Sales increased by 3.57% YoY.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the slight miss in sales. The YoY sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100