Amdocs Q3 Adj $1.57 Beats $1.47 Estimate, Sales $1.24B Beat $1.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amdocs (NASDAQ:DOX) reported Q3 earnings of $1.57 per share, beating the analyst consensus estimate of $1.47 by 6.8%. This is a 23.62% increase from the same period last year. The company also reported quarterly sales of $1.24 billion, beating the analyst consensus estimate of $1.23 billion by 0.49%. This is a 6.55% increase from the same period last year.
August 04, 2023 | 12:22 pm
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POSITIVE IMPACT
Amdocs' Q3 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Amdocs reported better than expected Q3 earnings and sales, which is 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