Nutanix Q4 Adj EPS $0.24 Beats $0.16 Estimate, Sales $494.21M Beat $475.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nutanix reported Q4 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $0.16 by 50%. This is a 241.18% increase over losses from the same period last year. The company also reported quarterly sales of $494.21 million, beating the analyst consensus estimate of $475.16 million by 4.01%. This is a 28.19% increase over sales from the same period last year.
August 31, 2023 | 8:09 pm
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POSITIVE IMPACT
Nutanix's Q4 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Nutanix's Q4 earnings and sales have significantly exceeded analyst estimates, indicating a strong financial performance. This positive news is likely to increase investor confidence and could potentially lead to an increase in the company's stock price in the short term.
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