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Stock impact report

AvidXchange Holdings, Inc. (AVDX) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]

AvidXchange Holdings, Inc. (AVDX) 
NASDAQ:AMEX Investor Relations: ir.avantdiagnostics.com
Company Research Source: Yahoo! Finance
The stock trailed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%. Heading into today, shares of the company had gained 1.51% over the past month, outpacing the Computer and Technology sector's gain of 0.91% and lagging the S&P 500's gain of 1.71% in that time. Investors will be eagerly watching for the performance of AvidXchange Holdings, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.07, marking a 133.33% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $110.89 million, up 12.37% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.24 per share and revenue of $438.08 million, indicating changes of +242.86% and +15.07%, respectively, compared to the previous year. Additionally, investors sh Show less Read more
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