Remitly Global (NASDAQ:RELY) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Remitly Global beat estimated earnings by 11.11%, reporting an EPS of $-0.16 versus an estimate of $-0.18.
Revenue was up $67.85 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 22.23% increase in the share price the next day.
Here’s a look at Remitly Global’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.14 | -0.14 | -0.13 | -0.12 |
| EPS Actual | -0.11 | -0.20 | -0.23 | -0.14 |
| Revenue Estimate | 180.82M | 162.86M | 149.01M | 136.44M |
| Revenue Actual | 191.03M | 169.26M | 157.25M | 136.01M |
To track all earnings releases for Remitly Global visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
