AvidXchange Holdings, Inc. (AVDX) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of 100%.Over the last four quarters, the ...

Exhibit 99.1 avidxchange" AvidXchange Announces Second Quarter 2024 Financial Results • Q2'24 financial results mark a milestone in achieving GAAP net income profitability on disciplined execution around year-over-year revenue growth, unit cost efficiencies and operating expense leverage • Sustaining a strong balance sheet with cash and marketable securities of $465.0 million to re-invest in the core business organically and inorganically • Updated 2024 business outlook reflects strong execution amid macro ...

Q2’24 financial results mark a milestone in achieving GAAP net income profitability on disciplined execution around year-over-year revenue growth, unit cost efficiencies and operating expense leverage Sustaining a strong balance sheet with cash and marketable securities of $465.0 million to re-invest in the core business organically and inorganically Updated 2024 business outlook reflects strong execution amid macro choppiness CHARLOTTE, N.C., July 31, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Na ...

The most recent trading session ended with AvidXchange Holdings, Inc. (AVDX) standing at $12.43, reflecting a -1.97% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.11%. At the same time, the Dow added 1.64%, and the tech-heavy Nasdaq gained 1.03%.Shares of the company witnessed a gain of 6.82% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5.32% and the S&P 500's loss of 1.16%.Market p ...

AvidXchange Holdings, Inc. (AVDX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...

In the latest market close, AvidXchange Holdings, Inc. (AVDX) reached $12.42, with a +0.89% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.4%.The the stock of company has risen by 13.67% in the past month, leading the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78%.The upcoming earnings release of AvidXchange Holdings, Inc. will ...

CHARLOTTE, N.C., July 08, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its second quarter 2024 ended June 30, 2024, financial results will be released on Wednesday, July 31, 2024. AvidXchange will host a conference call at 10:00 AM ET on July 31, 2024, to discuss the company’s financial results. The call will be broadcast live via ...

CHARLOTTE, N.C., July 08, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its second quarter 2024 ended June 30, 2024, financial results will be released on Wednesday, July 31, 2024. AvidXchange will host a conference call at 10:00 AM ET on July 31, 2024, to discuss the company’s financial results. The call will be broadcast live via ...

AvidXchange Holdings, Inc. (AVDX) closed the latest trading day at $10.83, indicating a +0.09% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.04%. Elsewhere, the Dow saw a downswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.12%.Heading into today, shares of the company had lost 4.08% over the past month, lagging the Computer and Technology sector's loss of 2.27% and the S&P 500's gain of 4.15% in that time.The investment community ...

CHARLOTTE, N.C., June 03, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that members of the management team will participate in the following investor conferences: Baird 2024 Global Consumer, Technology & Services Conference on Thursday, June 6, 2024. The presentation is scheduled to begin at 12:15 PM ET.Morgan Stanley US Financials, Pa ...