JFrog Q2 Adj $0.15 Beats $0.14 Estimate, Sales $103.04M Miss $103.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
JFrog (NASDAQ:FROG) reported Q2 earnings of $0.15 per share, beating the estimate of $0.14. However, sales of $103.04 million missed the estimate of $103.58 million. Earnings increased by 36.36% and sales by 22.42% year-over-year.
August 07, 2024 | 8:12 pm
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JFrog's Q2 earnings beat estimates at $0.15 per share, but sales missed slightly at $103.04 million. Earnings increased by 36.36% and sales by 22.42% year-over-year.
The earnings beat is a positive indicator and shows strong profitability growth, which is likely to have a positive short-term impact on the stock price. However, the slight miss in sales may temper the enthusiasm somewhat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100