Data Storage Q3 EPS $0.02 Up From $(0.04) YoY, Sales $5.99M Beat $5.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Data Storage (NASDAQ:DTST) reported Q3 earnings of $0.02 per share, up from a loss of $(0.04) per share YoY. Sales reached $5.99M, surpassing the $5.10M estimate and marking a 35.48% increase from $4.42M in the same period last year.
November 14, 2023 | 12:13 pm
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POSITIVE IMPACT
Data Storage's Q3 earnings report showed a positive EPS of $0.02, a significant improvement from last year's loss, and sales that exceeded expectations by 17.39%.
The positive earnings report indicates a strong quarter for Data Storage, with both earnings and sales exceeding expectations. This is likely to instill investor confidence and could lead to a short-term increase in the stock price. The substantial improvement in EPS and sales growth are key drivers of this positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100