Remitly Global: Q1 Earnings Insights

Remitly Global RELY reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Remitly Global beat estimated earnings by 11.11%, reporting an EPS of $-0.16 versus an estimate of $-0.18.

Revenue was up $67.85 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 22.23% increase in the share price the next day.

Here's a look at Remitly Global's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.14	-0.14	-0.13	-0.12
EPS Actual	-0.11	-0.20	-0.23	-0.14
Revenue Estimate	180.82M	162.86M	149.01M	136.44M
Revenue Actual	191.03M	169.26M	157.25M	136.01M

To track all earnings releases for Remitly Global visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar