Amdocs Sees Q1 2024 Adj. EPS $1.53-$1.59 Vs $1.6 Est.; Revenue $1.225B-$1.265B Vs $1.27B Est.
Portfolio Pulse from Benzinga Newsdesk
Amdocs has projected its Q1 2024 adjusted EPS to be between $1.53 and $1.59, which is lower than the estimated $1.6. The company also expects its revenue to be between $1.225B and $1.265B, slightly below the estimated $1.27B.
November 07, 2023 | 10:42 pm
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Amdocs' lower than expected Q1 2024 earnings and revenue projections may negatively impact its stock price in the short term.
Investors often react to earnings and revenue projections. In this case, Amdocs' lower than expected projections for Q1 2024 may lead to a decrease in its stock price as investors may perceive this as a sign of potential financial instability or underperformance.
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