AppFolio Beats on Revenue but EPS Misses

(NASDAQ:APPF), a provider of cloud-based software solutions for the real estate industry, recently released its financial results for the fourth quarter ending December 31, 2024. The most significant news from the earnings release was the company's revenue exceeding expectations, coming in at $204 million compared to an estimate of $200 million.

This 2% outperformance indicates strong demand for AppFolio's offerings. Despite this, the non-GAAP earnings per share (EPS) came in at $0.92, missing the forecast of $0.94 by 2.1%. Overall, the quarter highlighted both growth in sales and areas needing operational efficiency improvements.

Source: Analyst estimates for the quarter provided by FactSet.

Source Fool.com