August 13, 2022
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AppFolio earnings miss analyst estimates for first quarter

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Property management software provider AppFolio announced a nearly 35 percent increase in revenue for its fiscal first quarter to $57.1 million. Net income, though, fell to $3.7 million, down more than 13 percent compared to $4.3 million in the previous first quarter. Earnings per share of 11 cents missed analyst estimates of 18 cents per…

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