Aspen Technology Q12023 Adj EPS $1.16 Misses $1.44 Estimate, Sales $249.31M Miss $264.75M Estimate
Portfolio Pulse from saritha@benzinga.com
Aspen Technology reported Q1 2023 earnings of $1.16 per share, missing the analyst consensus estimate of $1.44 by 19.44%. This is a 47.27% decrease from the same period last year. The company also reported quarterly sales of $249.31 million, missing the analyst consensus estimate of $264.75 million by 5.83%. This is a 0.60% decrease from the same period last year.
November 06, 2023 | 9:17 pm
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Aspen Technology's Q1 2023 earnings and sales missed estimates, with a significant YoY decrease in earnings per share.
Aspen Technology's earnings and sales for Q1 2023 both missed estimates, which is likely to negatively impact investor sentiment and potentially the stock price. The significant YoY decrease in earnings per share further exacerbates this negative impact.
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