Talkspace Q3 2024 GAAP EPS $0.01 Beats $0.00 Estimate, Sales $47.40M Miss $47.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Talkspace reported Q3 2024 earnings per share of $0.01, beating expectations, but sales of $47.40M slightly missed estimates. Sales increased by 22.65% compared to the same period last year.
October 29, 2024 | 12:02 pm
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Talkspace's Q3 2024 earnings per share of $0.01 exceeded expectations, while sales of $47.40M slightly missed estimates. However, sales grew by 22.65% year-over-year.
The positive EPS surprise is likely to have a favorable impact on the stock price, as it exceeded expectations. The slight miss in sales is not significant enough to outweigh the positive earnings surprise, especially with a strong year-over-year sales growth of 22.65%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100