Overview
Lendway Inc fiscal Q2 net rev rises to $23.2 mln, driven by holiday sales
Operating income for fiscal Q2 jumps to $2.5 mln
Net income from continuing operations reaches $1.3 mln, aided by tax benefits
Outlook
Lendway plans to continue growing market share in the coming year
Company aims to maintain momentum following record Mother's Day sales
Result Drivers
HOLIDAY SALES - Revenue boost attributed to Easter and Mother's Day sales, per Lendway
ACQUISITION IMPACT - Bloomia acquisition timing contributed to revenue growth, according to Lendway
COST REDUCTIONS - Absence of prior year's acquisition costs improved operating income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income | $295 mln | ||
Q2 Basic EPS | $0.59 | ||
Q2 Operating Income | $2.48 bln |
Press Release: ID:nACSgsdn2a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)