AvidXchange Holdings AVDX reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:40 AM.
Here's what investors need to know about the announcement.
Earnings
AvidXchange Holdings beat estimated earnings by 60.0%, reporting an EPS of $-0.02 versus an estimate of $-0.05.
Revenue was up $15.62 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 1.89% drop in the share price the next day.
Here's a look at AvidXchange Holdings's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.110 | -0.13 | -0.17 |
| EPS Actual | -0.04 | -0.059 | -0.07 | -0.07 |
| Revenue Estimate | 85.26M | 78.67M | 72.44M | 67.97M |
| Revenue Actual | 86.17M | 82.41M | 76.56M | 71.20M |
To track all earnings releases for AvidXchange Holdings visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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