Veeva Sees Q4 Adj. EPS $1.30 Vs $1.28 Est.; Revenue $620M-$622M Vs $623.18M Est.
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems Inc. reported Q4 adjusted earnings per share (EPS) of $1.30, beating the estimate of $1.28. However, the company's revenue for the quarter is projected to be between $620 million and $622 million, slightly below the estimated $623.18 million.
December 06, 2023 | 9:32 pm
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NEUTRAL IMPACT
Veeva Systems Inc. exceeded EPS estimates for Q4 but reported projected revenues that were slightly below expectations.
The mixed results with an EPS beat and a slight revenue miss may lead to a neutral short-term impact on VEEV's stock price. Investors may react positively to the earnings beat but could be concerned about the revenue shortfall, leading to a balanced market response.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100