NetScout Systems Q2 Adj $0.61 Misses $0.70 Estimate, Sales $196.80M Miss $223.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
NetScout Systems reported Q2 earnings of $0.61 per share, missing the analyst consensus estimate of $0.70 by 12.86%. The company also reported quarterly sales of $196.80 million, missing the analyst consensus estimate of $223.56 million by 11.97%. This represents a 7.02% increase in earnings but a 13.71% decrease in sales compared to the same period last year.
November 02, 2023 | 11:49 am
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NetScout Systems' Q2 earnings and sales missed analyst estimates. While earnings increased by 7.02% compared to last year, sales decreased by 13.71%.
NetScout Systems reported lower than expected earnings and sales for Q2. While the earnings per share increased compared to the same period last year, the sales decreased. This could negatively impact the company's stock price in the short term.
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