Recap: Arco Platform Q1 Earnings

Arco Platform ARCE reported its Q1 earnings results on Thursday, May 25, 2023 at 04:05 PM.

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

Arco Platform missed estimated earnings by 33.33%, reporting an EPS of $-0.12 versus an estimate of $-0.09.

Revenue was up $20.75 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 11.47% drop in the share price the next day.

Here's a look at Arco Platform's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.41	-0.28	-0.03	0.13
EPS Actual	0.40	-0.21	-0.08	0.11
Revenue Estimate	118.48M	48.10M	72.14M	86.46M
Revenue Actual	129.12M	48.47M	84.00M	82.20M

To track all earnings releases for Arco Platform visit their earnings calendar here.

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