Zscaler Q3 EPS $0.48 Beats $0.42 Estimate, Sales $418.80M Beat $415.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zscaler (NASDAQ:ZS) reported Q3 earnings of $0.48 per share, beating the analyst consensus estimate of $0.42 by 14.29%. Quarterly sales were $418.80 million, surpassing the estimate of $415.66 million by 0.76%. This represents a 182.35% increase in earnings and a 46.02% increase in sales compared to the same period last year.
June 01, 2023 | 8:07 pm
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Zscaler's Q3 earnings and sales beat estimates, with a 182.35% increase in earnings and a 46.02% increase in sales YoY.
Zscaler's Q3 earnings and sales both exceeded analyst estimates, with significant YoY growth in both metrics. This positive financial performance is likely to have a short-term positive impact on the stock price, as it demonstrates the company's strong growth and ability to outperform expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100