Informatica Q2 EPS $0.17 Beats $0.10 Estimate, Sales $375.99M Beat $360.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Informatica (NYSE:INFA) reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.10 by 70%. This is a 6.25% increase from the same period last year. The company also reported quarterly sales of $375.99 million, beating the analyst consensus estimate of $360.06 million by 4.42%. This is a 1.06% increase from the same period last year.
August 04, 2023 | 12:07 pm
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POSITIVE IMPACT
Informatica's Q2 earnings and sales beat estimates, which could lead to a positive short-term impact on the stock.
Informatica reported better than expected Q2 earnings and sales. This positive financial performance could increase investor confidence and demand for the stock, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100