Gen Digital Q1 EPS $0.47 Beats $0.46 Estimate, Sales $946.00M Miss $947.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gen Digital reported Q1 earnings of $0.47 per share, beating the analyst consensus estimate of $0.46 by 2.17%. However, the company's quarterly sales of $946.00 million missed the analyst consensus estimate of $947.24 million by 0.13%. The earnings represent a 4.44% increase from the same period last year, while the sales represent a 33.80% increase.
August 04, 2023 | 2:22 pm
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Gen Digital's Q1 earnings beat estimates but sales missed, indicating mixed performance. The YoY increase in earnings and sales could be seen positively by investors.
Gen Digital's earnings beat could be seen as a positive sign by investors, indicating the company's profitability. However, the sales miss might raise concerns about the company's revenue generation. The YoY increase in both earnings and sales shows growth, which could be seen positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100