Runway Gwth Fin Q2 2024 GAAP EPS $0.37 Misses $0.44 Estimate, Sales $34.193M Miss $37.855M Estimate
Portfolio Pulse from Benzinga Newsdesk
Runway Growth Finance (NASDAQ:RWAY) reported Q2 2024 earnings of $0.37 per share, missing the analyst estimate of $0.44 by 15.91%. Sales were $34.193 million, missing the $37.855 million estimate by 9.67%. Both earnings and sales decreased compared to the same period last year.
August 08, 2024 | 8:51 pm
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Runway Growth Finance (NASDAQ:RWAY) reported Q2 2024 earnings and sales that missed analyst estimates. EPS was $0.37, below the $0.44 estimate, and sales were $34.193 million, below the $37.855 million estimate. Both metrics also showed a year-over-year decline.
The earnings and sales miss, along with the year-over-year decline, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100