Earnings Spotlight: Rapid7 Outperforms Estimates, Hyliion Falls Short
- August 09th, 2023
- 468 views
Cybersecurity firm Rapid7, Inc. (Nasdaq: RPD) released its second-quarter 2023 financial report, disclosing earnings of $0.18 per share, exceeding the consensus EPS estimate of $0.11. The company's quarterly sales amounted to $190.42 million, slightly surpassing the analysts' projected revenue of $188.10 million for the period.
Looking ahead, Rapid7 anticipates its Q3 EPS to fall within the range of $0.41 to $0.44, contrasting with the consensus estimate of $0.25.
In after-hours trading on Tuesday, $RPD was trading at $44.50, showing a significant increase of $4.71 (+11.84%).
Switching gears, Hyliion Holdings Corp. (NYSE: HYLN) reported a loss of $(0.19) per share for Q2 2023, slightly missing the analyst consensus estimate of $(0.18). The company's quarterly sales reached $266 thousand, falling short of the analysts' expected revenue of $590 thousand for the period.
$HYLN remained unchanged in after-hours trading.
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