Aspen Technology Q4 Adj EPS $2.13 Misses $2.19 Estimate, Sales $320.64M Miss $324.78M Estimate
Portfolio Pulse from bharat@benzinga.com
Aspen Technology reported Q4 earnings of $2.13 per share, missing the analyst consensus estimate of $2.19 by 2.74%. This is a 12.35% decrease from the same period last year. The company also reported quarterly sales of $320.64 million, missing the analyst consensus estimate of $324.78 million by 1.27%. However, this is a 34.21% increase from the same period last year.
August 04, 2023 | 10:26 am
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NEGATIVE IMPACT
Aspen Technology's Q4 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Aspen Technology's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100