Check Point Software Q2 Adj EPS $2.00 Beats $1.89 Estimate, Sales $588.70M Miss $588.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Check Point Software reported Q2 earnings of $2.00 per share, beating the analyst consensus estimate of $1.89 by 5.82%. This is a 21.95% increase from the same period last year. However, the company's quarterly sales of $588.70 million missed the analyst consensus estimate of $588.92 million by 0.04%. This is a 3.08% increase from the same period last year.
July 26, 2023 | 9:00 am
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NEUTRAL IMPACT
Check Point Software's Q2 earnings beat estimates but sales slightly missed expectations. This mixed result may lead to a neutral or slightly negative short-term impact on the stock.
While the company's earnings beat estimates, which is generally positive for the stock, the slight miss on sales could offset this positive impact. Therefore, the short-term impact on the stock is likely to be neutral or slightly negative.
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IMPORTANCE 80
RELEVANCE 100