Veeva Stock Rises After Hours On Q2 Earnings Beat
Portfolio Pulse from Ryan Gustafson
Veeva Systems Inc. reported Q2 earnings of $1.21 per share, beating the analyst consensus estimate of $1.13. The company also reported quarterly sales of $590.20 million, surpassing the analyst consensus estimate of $587.11 million. Veeva issued Q3 earnings per share guidance between $1.26 and $1.27, and revenue estimates between $614 million and $616 million. Full-year 2024 earnings per share is anticipated to be approximately $4.68, with revenue estimated to be between $2.365 billion and $2.370 billion.
August 30, 2023 | 8:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Veeva Systems reported better than expected Q2 earnings and sales, and issued positive guidance for Q3 and full-year 2024. This news led to an increase in the company's stock price in after-hours trading.
Veeva Systems reported Q2 earnings and sales that beat analyst estimates, and issued positive guidance for Q3 and full-year 2024. This positive financial performance and outlook is likely to increase investor confidence in the company, leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100