Brightcove Q2 2024 Adj. EPS $(0.02) Beats $(0.04) Estimate, Sales $49.247M Beat $48.013M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brightcove (NASDAQ:BCOV) reported Q2 2024 adjusted EPS of $(0.02), beating the analyst estimate of $(0.04). Sales were $49.247 million, surpassing the $48.013 million estimate but showing a 3.41% decrease from the same period last year.
August 07, 2024 | 9:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Brightcove's Q2 2024 adjusted EPS of $(0.02) beat the analyst estimate of $(0.04), and sales of $49.247 million surpassed the $48.013 million estimate. However, sales decreased by 3.41% compared to the same period last year.
The better-than-expected EPS and sales figures are positive indicators for Brightcove, likely leading to a short-term increase in stock price. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100