Nextdoor Holdings Q2 2024 GAAP EPS $(0.11) Misses $(0.06) Estimate, Sales $63.292M Beat $58.334M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nextdoor Holdings (NYSE:KIND) reported Q2 2024 GAAP EPS of $(0.11), missing the $(0.06) estimate, but sales of $63.292M beat the $58.334M estimate. EPS decreased by 22.22% YoY, while sales increased by 11.26% YoY.
August 07, 2024 | 9:56 pm
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Nextdoor Holdings reported a Q2 2024 GAAP EPS of $(0.11), missing the $(0.06) estimate by 83.33%. However, sales of $63.292M beat the $58.334M estimate by 8.50%. EPS decreased by 22.22% YoY, while sales increased by 11.26% YoY.
The mixed earnings report for Nextdoor Holdings shows a significant miss on EPS but a beat on sales. The EPS miss could negatively impact the stock price, but the sales beat and YoY growth in sales might offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100