Reddit Q3 2024 GAAP EPS $0.16 Beats $(0.08) Estimate, Sales $348.40M Beat $311.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reddit reported strong Q3 2024 financial results, with earnings per share of $0.16, significantly surpassing the expected loss of $0.08. The company's sales also exceeded expectations, reaching $348.40 million compared to the anticipated $311.42 million.
October 29, 2024 | 8:12 pm
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Reddit's Q3 2024 earnings per share of $0.16 beat the expected loss of $0.08, and sales of $348.40 million exceeded the $311.42 million estimate, indicating strong financial performance.
Reddit's earnings per share and sales both exceeded analyst expectations by significant margins, suggesting strong operational performance and potential positive investor sentiment, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100