First Advantage Q3 2023 Adj EPS $0.28, Inline, Sales $200.36M Beat $199.85M Estimate
Portfolio Pulse from totan@benzinga.com
First Advantage (NASDAQ:FA) reported Q3 2023 earnings of $0.28 per share, in line with analyst estimates, marking a 7.69% increase YoY. The company's quarterly sales were $200.36 million, beating the estimate of $199.85 million by 0.26%, but showing a 2.73% decrease YoY.
November 09, 2023 | 11:02 am
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First Advantage's Q3 2023 earnings met expectations, with a YoY increase of 7.69%. Sales beat estimates but decreased 2.73% YoY.
First Advantage's earnings met analyst expectations, which is generally a positive sign. However, the decrease in sales YoY might be a concern for investors, potentially offsetting the positive earnings news. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100