CORRECTION: Afya Q3 Adj $0.28 Beats $0.27 Estimate, Sales $148.23M Beat $140.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Afya Limited (NASDAQ:AFYA) reported Q3 adjusted earnings of $0.28 per share, surpassing the consensus estimate of $0.27 by 3.7%. Year-over-year, earnings rose 16.67% from $0.24 per share. Quarterly sales reached $148.23M, exceeding estimates of $140.74M by 5.32% and marking a 33.74% increase from $110.83M in the same period last year.
November 13, 2023 | 9:41 pm
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POSITIVE IMPACT
Afya Limited reported strong Q3 results with both earnings and sales surpassing analyst estimates, indicating robust growth compared to the same quarter last year.
Afya's earnings and sales beat not only demonstrates the company's ability to surpass market expectations but also shows significant year-over-year growth. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in Afya's stock price as the market reacts to the favorable financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100