AvePoint Q2 2024 GAAP EPS $(0.07) Misses $(0.03) Estimate, Sales $78.000M Beat $75.173M Estimate
Portfolio Pulse from Benzinga Newsdesk
AvePoint (NASDAQ:AVPT) reported Q2 2024 GAAP EPS of $(0.07), missing the $(0.03) estimate, but achieved sales of $78.000M, beating the $75.173M estimate. Sales increased by 20.24% year-over-year.
August 08, 2024 | 8:46 pm
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AvePoint reported a Q2 2024 GAAP EPS of $(0.07), missing the $(0.03) estimate by 133.33%. However, sales of $78.000M beat the $75.173M estimate, showing a 20.24% increase year-over-year.
The mixed results, with a significant EPS miss but a sales beat and strong year-over-year growth, create a neutral short-term impact. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100