Appian Q2 EPS $(0.39) Beats $(0.42) Estimate, Sales $127.70M Beat $124.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Appian (NASDAQ:APPN) reported Q2 earnings per share of $(0.39), beating the analyst consensus estimate of $(0.42) by 7.14%. The company also reported quarterly sales of $127.70 million, surpassing the analyst consensus estimate of $124.29 million by 2.74%. Both earnings and sales show an increase compared to the same period last year.
August 04, 2023 | 2:34 pm
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POSITIVE IMPACT
Appian's Q2 earnings and sales beat analyst estimates, which could positively impact the stock in the short term.
Appian's better-than-expected Q2 results could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100