Tyler Technologies Q3 Adj EPS $2.14 Beats $1.99 Estimate, Sales $494.68M Miss $495.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tyler Technologies (NYSE:TYL) reported Q3 adjusted earnings of $2.14 per share, beating the analyst consensus estimate of $1.99 by 7.54%. This is a 3.88% increase from the same period last year. However, the company's quarterly sales of $494.68 million missed the analyst consensus estimate of $495.85 million by 0.24%, though it's a 4.54% increase from the same period last year.
November 01, 2023 | 8:26 pm
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Tyler Technologies reported better-than-expected Q3 earnings but missed on sales. Earnings per share increased by 3.88% YoY, while sales increased by 4.54% YoY but missed estimates.
Tyler Technologies reported a strong Q3 earnings per share, beating estimates, which could positively impact the stock. However, the company missed on sales, which could offset the positive impact of the earnings beat. Therefore, the overall short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100