Weave Communications (NYSE:WEAV) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:06 PM.
Here’s what investors need to know about the announcement.
Earnings
Weave Communications beat estimated earnings by 37.5%, reporting an EPS of $-0.05 versus an estimate of $-0.08.
Revenue was up $6.29 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 13.66% increase in the share price the next day.
Here’s a look at Weave Communications’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.11 | -0.14 | -0.16 | -0.18 |
| EPS Actual | -0.06 | -0.10 | -0.16 | -0.16 |
| Revenue Estimate | 36.49M | 35.39M | 33.60M | 31.50M |
| Revenue Actual | 37.69M | 36.23M | 34.93M | 33.27M |
To track all earnings releases for Weave Communications visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
