Okta Q3 Adj EPS $0.44 Beats $0.30 Estimate, Sales $584.00M Beat $560.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Okta, Inc. (NASDAQ:OKTA) reported Q3 adjusted earnings per share (EPS) of $0.44, surpassing the consensus estimate of $0.30 by 46.67%. Quarterly sales reached $584.00 million, exceeding estimates of $560.77 million by 4.14% and marking a 21.40% increase from the same period last year.
November 29, 2023 | 12:18 pm
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Okta reported a strong Q3 with adjusted EPS of $0.44, beating estimates by 46.67%, and sales of $584M, surpassing expectations by 4.14% and showing significant year-over-year growth.
Okta's reported earnings and sales not only beat analyst estimates but also showed substantial growth compared to the previous year. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in Okta's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100