Expensify Q2 2024 Adj. EPS $0.06 Beats $0.04 Estimate, Sales $33.288M Miss $36.148M Estimate
Portfolio Pulse from Benzinga Newsdesk
Expensify (NASDAQ:EXFY) reported Q2 2024 adjusted EPS of $0.06, beating the analyst estimate of $0.04. However, sales of $33.288 million missed the $36.148 million estimate and were down 14.39% year-over-year.
August 08, 2024 | 9:06 pm
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Expensify's Q2 2024 earnings per share of $0.06 beat estimates by 50%, but sales of $33.288 million missed expectations and were down 14.39% year-over-year.
The mixed results, with EPS beating but sales missing and declining year-over-year, suggest a neutral short-term impact on the stock price. Investors may be cautious due to the sales miss and decline.
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IMPORTANCE 80
RELEVANCE 100