Backblaze Q2 2024 Adj. EPS $(0.11) Beats $(0.27) Estimate, Sales $31.285M Beat $30.788M Estimate
Portfolio Pulse from Benzinga Newsdesk
Backblaze (NASDAQ:BLZE) reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.11), beating the $(0.27) estimate, and sales of $31.285 million, surpassing the $30.788 million estimate. This represents a significant improvement over the same period last year.
August 08, 2024 | 9:59 pm
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Backblaze reported Q2 2024 adjusted EPS of $(0.11), beating the $(0.27) estimate, and sales of $31.285 million, surpassing the $30.788 million estimate. This indicates strong performance and significant improvement over the same period last year.
The better-than-expected earnings and sales figures, along with significant year-over-year improvement, are likely to positively impact Backblaze's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100