New Relic Q1 Adj $0.43 Beats $0.31 Estimate, Sales $242.63M Beat $239.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Relic (NEWR) reported Q1 earnings of $0.43 per share, beating the analyst consensus estimate of $0.31 by 38.71%. This is a 265.38% increase over losses from the same period last year. The company also reported quarterly sales of $242.63 million, beating the analyst consensus estimate of $239.13 million by 1.46%. This is a 12.09% increase over sales from the same period last year.
July 31, 2023 | 1:04 pm
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POSITIVE IMPACT
New Relic's Q1 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
New Relic's Q1 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100