Descartes Systems Q2 EPS $0.32 Misses $0.33 Estimate, Sales $143.40M Beat $140.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
Descartes Systems reported Q2 earnings of $0.32 per share, missing the analyst consensus estimate of $0.33 by 3.03%. However, the company's quarterly sales of $143.40 million beat the estimate of $140.04 million by 2.40%. Compared to the same period last year, earnings increased by 18.52% and sales by 16.57%.
September 06, 2023 | 9:01 pm
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Descartes Systems' Q2 earnings per share missed estimates, but sales exceeded expectations. Earnings and sales have increased compared to last year.
While Descartes Systems missed earnings estimates, it beat sales estimates and showed YoY growth in both earnings and sales. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100