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Arco Platform (NASDAQ: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.
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.
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.
Posted In: ARCE
