American Software Q1 Adj EPS $0.12 Beats $0.09 Estimate, Sales $29.17M Miss $29.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Software (NASDAQ:AMSWA) reported Q1 adjusted earnings of $0.12 per share, beating the analyst consensus estimate of $0.09 by 33.33%. However, the company's quarterly sales of $29.17 million missed the analyst consensus estimate of $29.24 million by 0.25%, marking a 6.80% decrease from the same period last year.
August 24, 2023 | 8:08 pm
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American Software's Q1 earnings beat estimates but sales missed, marking a 6.80% YoY decrease.
While American Software beat earnings estimates, the miss on sales and the year-over-year decrease could potentially offset any positive sentiment from the earnings beat. This mixed report may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100