Recap: AvidXchange Holdings Q3 Earnings

AvidXchange Holdings AVDX reported its Q3 earnings results on Wednesday, November 2, 2022 at 06:30 AM.

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

Earnings

AvidXchange Holdings beat estimated earnings by 46.36%, reporting an EPS of $-0.059 versus an estimate of $-0.11.

Revenue was up $17.23 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 2.03% increase in the share price the next day.

To track all earnings releases for AvidXchange Holdings visit their earnings calendar here.

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