Bandwidth Q3 Adj EPS $0.23 Beats $0.17 Estimate, Sales $152.01M Beat $149.06M Estimate
Portfolio Pulse from bharat@benzinga.com
Bandwidth (NASDAQ:BAND) reported Q3 earnings of $0.23 per share, beating the analyst consensus estimate of $0.17 by 35.29%. However, this is a 14.81% decrease from the same period last year. The company also reported quarterly sales of $152.01 million, beating the analyst consensus estimate of $149.06 million by 1.98%, and marking a 2.49% increase from the same period last year.
November 02, 2023 | 8:51 pm
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Bandwidth's Q3 earnings and sales beat estimates, but earnings decreased compared to the same period last year. This mixed result could lead to uncertain short-term price movements.
While Bandwidth beat Q3 earnings and sales estimates, the decrease in earnings compared to the same period last year could cause investor uncertainty. This could lead to neutral or mixed short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100