Descartes Systems Gr Q3 EPS $0.31, Same As Last Year, Sales $144.70M Miss $146.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Descartes Systems Gr (NASDAQ:DSGX) reported Q3 earnings of $0.31 per share, consistent with the previous year, but missed sales estimates with $144.70M compared to the expected $146.25M. Despite the miss, sales increased by 19.13% from the same period last year.
December 05, 2023 | 10:23 pm
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NEUTRAL IMPACT
Descartes Systems Gr reported stable Q3 EPS at $0.31 but missed revenue estimates, with a 19.13% increase in sales year-over-year.
While Descartes Systems Gr maintained its EPS, the slight miss in revenue estimates could lead to a neutral short-term impact on the stock price. Investors may be reassured by the significant increase in sales compared to last year, which could offset concerns about the revenue miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100