Nerdy Inc Reports Second Quarter 2024 Financial Results
Intellectia.AI Updated: 1970-01-01
Nerdy Inc. Reports Second Quarter 2024 Financial Results
Nerdy Inc. has released its financial results for the second quarter ending June 30, 2024.
Key Financial Metrics
| Metric | Q2 2024 | Q2 2023 | Change (YoY) | Wall Street Consensus |
|---|---|---|---|---|
| Total Revenue | $51.18M | $47.96M | +6.7% | $51.18M |
| Earnings Per Share (EPS) | -$0.11 | -$0.13 | +15.4% | -$0.11 |
Interpretation: Nerdy Inc. reported a total revenue of $51.18 million for Q2 2024, reflecting a year-over-year increase of 6.7%. The earnings per share (EPS) improved by 15.4% year-over-year to -$0.11, aligning with Wall Street consensus estimates.
Stock Price Movement
Following the earnings release, Nerdy Inc.'s stock price experienced an increase of approximately 8.2%.
Summary
Nerdy Inc. showed solid year-over-year revenue growth and an improvement in earnings per share for the second quarter of 2024. Despite the absence of specifics on segment performance and forward guidance, the overall financial metrics met market expectations, prompting an 8.2% rise in the company's stock price post-announcement.
This report has been organized to include only the relevant and available data, ensuring clarity and usefulness for investors.
