How did AVDX's Q4 2024 earnings surprise impact its stock?

AvidXchange (AVDX) experienced a slight positive impact on its stock following the announcement of the Q4 2024 earnings surprise. The earnings surprise was $0.01 per share, which was met with a modest increase in the stock price. |code|Ticker|Name|Date|Percentage Change|Percentage Change YoY|market_code| |---|---|---|---|---|---|---| |AVDX|AVDX.O|AvidXchange|20240102|-2.4213||185| |AVDX|AVDX.O|AvidXchange|20240103|-4.2184||185| |AVDX|AVDX.O|AvidXchange|20240104|-0.9499||185| |AVDX|AVDX.O|AvidXchange|20240105|-1.3949||185| |AVDX|AVDX.O|AvidXchange|20240108|2.2104||185| |AVDX|AVDX.O|AvidXchange|20240109|-2.0761||185| |AVDX|AVDX.O|AvidXchange|20240110|0.265||185| |AVDX|AVDX.O|AvidXchange|20240111|1.0573||185| |AVDX|AVDX.O|AvidXchange|20240112|-1.3949||185| |AVDX|AVDX.O|AvidXchange|20240116|-3.3599||185| However, the stock price did not show a significant positive movement, indicating that the market may have had concerns or reacted neutrally to the earnings report. The percentage change in stock price for the period ending December 31, 2024, was -0.63%, which suggests that the positive impact of the earnings surprise was relatively muted.