Fiver Stock Soars After Q3 Earnings - Here's Why
Portfolio Pulse from Anusuya Lahiri
Fiverr International Ltd (NYSE:FVRR) reported strong Q3 fiscal 2024 results, with sales and EPS beating analyst estimates. Despite a decrease in active buyers, spend per buyer increased, and the company showed progress in profitability. Fiverr's stock rose significantly following the earnings report.
October 30, 2024 | 4:21 pm
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Fiverr International Ltd reported better-than-expected Q3 fiscal 2024 results, with sales growth of 8% and EPS beating estimates. The stock price increased significantly following the earnings report.
Fiverr's Q3 results exceeded expectations with both sales and EPS beating analyst estimates. The increase in spend per buyer and improved profitability metrics contributed to a positive market reaction, resulting in a significant stock price increase.
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