Elastic Q4 EPS Adj $0.22 Beats $0.10 Estimate, Sales $279.94M Beat $277.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elastic (NYSE:ESTC) reported Q4 adjusted earnings of $0.22 per share, beating the analyst consensus estimate of $0.10 by 120%. Sales reached $279.94M, surpassing the estimate of $277.36M by 0.93%. This represents a 237.5% increase in earnings and a 16.96% increase in sales compared to the same period last year.
June 01, 2023 | 8:08 pm
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Elastic's Q4 earnings and sales exceeded analyst estimates, with a 237.5% increase in earnings and a 16.96% increase in sales YoY.
Elastic's Q4 earnings and sales both surpassed analyst estimates, indicating strong financial performance. The significant YoY growth in earnings and sales suggests that the company is on a positive trajectory, which is likely to have a positive short-term impact on its stock price.
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