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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100