Red Violet Q2 Adj $0.28 Beats $0.19 Estimate, Sales $19.06M Beat $17.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Violet (NASDAQ:RDVT) reported strong Q2 earnings, with adjusted EPS of $0.28 beating the $0.19 estimate and sales of $19.06M surpassing the $17.53M estimate. This represents significant year-over-year growth in both earnings and sales.
August 07, 2024 | 9:47 pm
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Red Violet reported Q2 earnings of $0.28 per share, beating the $0.19 estimate by 47.37%. Sales were $19.06M, surpassing the $17.53M estimate by 8.71%. Both earnings and sales showed significant year-over-year growth.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to positively impact RDVT's stock price in the short term.
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