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Recap: Rimini Street Q2 Earnings

ByBenzinga Insights

Aug 3, 2022
Recap: Rimini Street Q2 Earnings

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Rimini Street RMNI reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:00 PM.

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

Earnings

Rimini Street missed estimated earnings by 36.36%, reporting an EPS of $0.07 versus an estimate of $0.11.

Revenue was up $9.59 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 3.86% drop in the share price the next day.

Here’s a look at Rimini Street’s past performance:








Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.050 0.07 0.11 0.08
EPS Actual 0.105 0.86 -0.08 -0.06
Revenue Estimate 95.64M 96.31M 94.89M 89.88M
Revenue Actual 97.91M 99.28M 95.64M 91.61M








Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.050 0.07 0.11 0.08
EPS Actual 0.105 0.86 -0.08 -0.06
Revenue Estimate 95.64M 96.31M 94.89M 89.88M
Revenue Actual 97.91M 99.28M 95.64M 91.61M

To track all earnings releases for Rimini Street visit their earnings calendar here.

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

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Image and article originally from www.benzinga.com. Read the original article here.