SolarWinds Q2 Adj EPS $0.21 Beats $0.17 Estimate, Sales $185.03M Beat $179.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
SolarWinds (NYSE:SWI) reported Q2 earnings of $0.21 per share, beating the analyst consensus estimate of $0.17 by 23.53%. The company also reported quarterly sales of $185.03 million, surpassing the analyst consensus estimate of $179.51 million by 3.08%. This represents a 5.11% increase over sales of $176.03 million in the same period last year.
August 04, 2023 | 1:10 pm
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POSITIVE IMPACT
SolarWinds reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
SolarWinds reported Q2 earnings and sales that beat analyst estimates. This positive financial performance 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