Nutanix Q1 Adj EPS $0.29 Beats $0.17 Estimate, Sales $511.05M Beat $501.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nutanix (NASDAQ:NTNX) reported Q1 adjusted earnings of $0.29 per share, surpassing the consensus estimate of $0.17 by 70.59%. This represents a significant increase from $0.03 per share in the same quarter last year. Quarterly sales reached $511.05 million, exceeding estimates of $501.32 million by 1.94% and marking a 17.86% increase from the previous year's sales of $433.61 million.
November 29, 2023 | 9:11 pm
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Nutanix reported a strong Q1 with adjusted EPS of $0.29, beating estimates by 70.59%, and sales of $511.05M, surpassing expectations. The year-over-year growth in earnings and sales is significant.
The substantial beat on both earnings and revenue estimates for Nutanix is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The impressive year-over-year growth further strengthens the company's financial position and could lead to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100