Recap: Arco Platform Q1 Earnings

Loading...
Loading...

Arco Platform ARCE reported its Q1 earnings results on Thursday, May 25, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Arco Platform missed estimated earnings by 33.33%, reporting an EPS of $-0.12 versus an estimate of $-0.09.

Revenue was up $20.75 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 11.47% drop in the share price the next day.

Here's a look at Arco Platform's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.41 -0.28 -0.03 0.13
EPS Actual 0.40 -0.21 -0.08 0.11
Revenue Estimate 118.48M 48.10M 72.14M 86.46M
Revenue Actual 129.12M 48.47M 84.00M 82.20M

To track all earnings releases for Arco Platform visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...