Ncino Q3 EPS $0.14 Beats $0.11 Estimate, Sales $121.94M Beat $120.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ncino (NASDAQ:NCNO) reported Q3 earnings of $0.14 per share, surpassing the consensus estimate of $0.11, marking a 1500% increase from the previous year's loss of $(0.01) per share. Sales reached $121.94M, exceeding estimates of $120.63M, and representing a 15.81% increase from the previous year.
November 29, 2023 | 9:18 pm
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POSITIVE IMPACT
Ncino's Q3 earnings and sales exceeded analyst estimates, with a significant increase in EPS compared to last year and a solid sales growth.
Ncino's better-than-expected Q3 earnings and sales figures are likely to instill investor confidence and could lead to a short-term uptick in the stock price. The substantial increase in EPS and sales growth compared to the same period last year indicates strong financial performance and may positively influence market sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100