Zuora Q3 Adj $0.09 Beats $0.06 Estimate, Sales $109.85M Beat $108.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zuora Inc. (NYSE:ZUO) reported Q3 adjusted earnings of $0.09 per share, surpassing the consensus estimate of $0.06, marking a significant increase from the $(0.02) loss per share in the same quarter last year. Quarterly sales reached $109.85 million, exceeding estimates of $108.67 million and showing an 8.68% increase from the previous year's sales of $101.07 million.
November 29, 2023 | 9:12 pm
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POSITIVE IMPACT
Zuora's Q3 earnings of $0.09 per share beat estimates by 50%, and sales of $109.85M exceeded expectations, indicating strong year-over-year growth.
Zuora's significant earnings beat and sales growth are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The substantial improvement from the previous year's loss and the beat on both top and bottom lines could increase investor confidence in the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100