Recap: Simulations Plus Q3 Earnings
Portfolio Pulse from Benzinga Insights
Simulations Plus (NASDAQ:SLP) reported its Q3 earnings results, with an in-line EPS of $0.2. Revenue was up $1.27 million from the same period last year. Last quarter, the company beat on EPS by $0.02, which was followed by a 1.12% increase in the share price the next day.
July 06, 2023 | 8:20 pm
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Simulations Plus reported Q3 earnings with an in-line EPS of $0.2. Revenue was up $1.27 million YoY. Last quarter's EPS beat led to a 1.12% share price increase.
Simulations Plus reported in-line earnings, which means it met the market's expectations. This is generally seen as a neutral event as it neither exceeds nor falls short of market expectations. However, the company's revenue was up from the same period last year, which is a positive sign. The company's past performance shows that beating EPS estimates can lead to a share price increase, but this quarter's in-line results may not have the same effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100