Remitly Global Q3 2024 GAAP EPS $0.01 Beats $(0.07) Estimate, Sales $336.53M Beat $320.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Remitly Global (NASDAQ:RELY) reported Q3 2024 earnings of $0.01 per share, surpassing the analyst estimate of $(0.07). Sales reached $336.53 million, exceeding the $320.74 million estimate and marking a 39.27% increase from the previous year.
October 30, 2024 | 8:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Remitly Global's Q3 2024 earnings and sales exceeded expectations, with EPS at $0.01 against a $(0.07) estimate and sales at $336.53M, a 39.27% YoY increase.
The positive earnings surprise and significant year-over-year sales growth are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100