UPDATE: Remitly Global Q2 Adj. EPS $0.29 Beats $0.13 Estimate, Sales $495.156M Beat $485.446M Estimate
Remitly Global (NASDAQ:RELY) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.13 by 123.08 percent. This is a 866.67 percent increase over earnings of $0.03 per share from
Remitly made way more money than people expected—their profit was more than double what analysts guessed, and their sales were also bigger. When a company beats expectations by this much, it shows the business is doing really well, so people might feel more confident about it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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