Extreme Networks Q1 Adj. EPS $0.35 Beats $0.32 Estimate, Sales $353.14M Beat $347.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
Extreme Networks reported Q1 adjusted earnings of $0.35 per share, beating the analyst consensus estimate of $0.32 by 9.37%. This is a 75% increase from the same period last year. The company also reported quarterly sales of $353.14 million, beating the analyst consensus estimate of $347.04 million by 1.76%, a 18.63% increase from the same period last year.
November 01, 2023 | 11:27 am
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POSITIVE IMPACT
Extreme Networks reported a strong Q1 with earnings and sales beating estimates. This could lead to a positive market reaction.
Extreme Networks reported better than expected earnings and sales for Q1. This positive financial performance is likely to be viewed favorably by investors, potentially leading to an increase in the company's stock price in the short term.
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