27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Rimini Street (NASDAQ:RMNI) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
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Earnings
Rimini Street missed estimated earnings by 36.36%, reporting an EPS of $0.07 versus an estimate of $0.11.
Revenue was up $9.59 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 3.86% drop in the share price the next day.
Here's a look at Rimini Street's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.050 | 0.07 | 0.11 | 0.08 |
| EPS Actual | 0.105 | 0.86 | -0.08 | -0.06 |
| Revenue Estimate | 95.64M | 96.31M | 94.89M | 89.88M |
| Revenue Actual | 97.91M | 99.28M | 95.64M | 91.61M |
To track all earnings releases for Rimini Street visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.