Elastic Q2 EPS $0.37 Beats $0.24 Estimate, Sales $310.61M Beat $304.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elastic (NYSE:ESTC) reported Q2 earnings of $0.37 per share, surpassing the consensus estimate of $0.24 by 54.17%. Quarterly sales were $310.61M, exceeding estimates of $304.11M by 2.14% and marking a 17.48% increase from the same period last year.
November 30, 2023 | 9:13 pm
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POSITIVE IMPACT
Elastic's Q2 earnings and sales exceeded analyst estimates, with a significant year-over-year sales growth of 17.48%.
Elastic's better-than-expected Q2 earnings and sales figures are likely to instill investor confidence and could lead to a short-term increase in stock price, reflecting the company's strong performance and growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100