Arco Platform (NASDAQ:ARCE) reported its Q2 earnings results on Thursday, August 18, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Arco Platform missed estimated earnings by 166.67%, reporting an EPS of $-0.08 versus an estimate of $-0.03.
Revenue was up $35.66 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 11.45% increase in the share price the next day.
Here’s a look at Arco Platform’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.31 | 0.46 | |
| EPS Actual | 0.11 | 0.28 | -0.04 | 0.12 |
| Revenue Estimate | 86.46M | 84.83M | 33.93M | 48.38M |
| Revenue Actual | 82.20M | 82.58M | 35.08M | 48.34M |
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.
