Azenta Q4 Adj EPS $0.13 Beats $0.02 Estimate, Sales $172.36M Beat $163.9M Estimate
Portfolio Pulse from Benzinga Newsdesk
Azenta (NASDAQ:AZTA) reported Q4 adjusted EPS of $0.13, surpassing the $0.02 estimate, a 550% beat. However, this represents an 18.75% decrease from the $0.16 EPS a year ago. Q4 sales were $172.36M, exceeding the $163.9M estimate, marking a 25.29% increase from last year's $137.57M.
November 13, 2023 | 9:12 pm
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Azenta's Q4 earnings and sales beat estimates, with a significant EPS beat and strong year-over-year sales growth, despite a decrease in EPS compared to last year.
Azenta's strong earnings beat and sales growth are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The decrease in EPS year-over-year might temper some of the enthusiasm, but the substantial beat on estimates and sales growth are the more immediate factors that could drive investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100