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Intellectia.AI Updated: 1970-01-01
First Advantage Corporation Reports Q2 2024 Financial Results
First Advantage Corporation (FA) has released its financial results for the quarter ending June 30, 2024.
Key Financial Metrics
| Metric | Q2 2024 | Q2 2023 | QoQ Change | YoY Change | Consensus Estimate |
|---|---|---|---|---|---|
| Total Revenue | $184.51M | $175.60M | +5.1% | +5.1% | $184.51M |
| Earnings Per Share | $0.21 | $0.19 | +10.5% | +10.5% | $0.21 |
Interpretation : First Advantage's financial performance for Q2 2024 has met market expectations, with a notable 5.1% year-over-year and quarter-over-quarter increase in total revenue, reaching $184.51 million. The earnings per share (EPS) also saw a positive growth of 10.5%, aligning with the consensus estimate of $0.21.
Stock Price Movement
Following the earnings release, First Advantage Corporation's stock experienced a slight decline of approximately 0.12%.
In summary, First Advantage Corporation has demonstrated solid financial performance in Q2 2024, meeting market expectations in both revenue and earnings per share. The slight dip in stock price post-announcement suggests a stable outlook among investors.
