CyberArk Software Q2 EPS $0.03 Beats $(0.12) Estimate, Sales $175.84M Beat $173.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
CyberArk Software reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.12) by 125%. This is a 111.11% increase over losses of $(0.27) per share from the same period last year. The company also reported quarterly sales of $175.84 million, beating the analyst consensus estimate of $173.44 million by 1.38%. This is a 23.55% increase over sales of $142.33 million the same period last year.
August 10, 2023 | 11:02 am
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POSITIVE IMPACT
CyberArk Software's Q2 earnings and sales beat estimates, showing significant YoY increases. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
CyberArk Software's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal to investors. The significant YoY increases in both earnings and sales indicate strong financial performance, which could increase investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100