Information Servs Gr Q3 2023 Adj EPS $0.11 Beats $0.10 Estimate, Sales $71.77M Miss $74.10M Estimate
Portfolio Pulse from vinayak@benzinga.com
Information Servs Gr (NASDAQ:III) reported Q3 2023 earnings of $0.11 per share, beating the analyst consensus estimate of $0.10 by 10%. However, the company's quarterly sales of $71.77 million missed the analyst consensus estimate of $74.10 million by 3.14%. This represents a 21.43% decrease in earnings and a 4.27% increase in sales compared to the same period last year.
November 02, 2023 | 8:37 pm
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Information Servs Gr's Q3 2023 earnings beat estimates but sales missed, indicating mixed performance. Earnings decreased by 21.43% YoY while sales increased by 4.27%.
The company's earnings beat estimates, which is a positive signal for investors. However, the miss on sales and the decrease in earnings compared to last year could negatively impact investor sentiment. The increase in sales YoY is a positive sign, but it may not be enough to offset the negative impact of the earnings decrease and sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100