AudioCodes Q3 EPS $0.25 Beats $0.18 Estimate, Sales $61.59M Beat $61.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
AudioCodes (NASDAQ:AUDC) reported Q3 earnings of $0.25 per share, beating the analyst consensus estimate of $0.18 by 38.89%. However, this is a 21.88% decrease from the same period last year. The company also reported quarterly sales of $61.59 million, slightly beating the estimate of $61.52 million but showing an 11.66% decrease from last year.
November 02, 2023 | 7:48 am
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NEUTRAL IMPACT
AudioCodes' Q3 earnings and sales beat estimates but showed a decrease from the same period last year. This mixed result may lead to uncertain market reactions.
While AudioCodes beat the estimates for both earnings and sales, the year-on-year decrease in both metrics may concern investors. This could lead to mixed market reactions, making the short-term impact on the stock price uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100