CORRECTION: Veeva Sys Q3 Adj $1.34 Beats $1.30 Estimate, Sales $616.50M Beat $615.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems Inc. (VEEV) reported Q3 adjusted earnings of $1.34 per share, surpassing the consensus estimate of $1.30, and representing an 18.58% increase from the previous year. Quarterly sales were $616.50M, slightly above the estimate of $615.82M, marking an 11.61% increase from the same period last year.
December 06, 2023 | 10:28 pm
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Veeva Systems reported higher-than-expected Q3 earnings and sales, indicating strong financial performance and growth compared to last year.
Beating earnings and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The reported growth in earnings and sales compared to the same period last year further strengthens the positive outlook for VEEV.
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IMPORTANCE 90
RELEVANCE 100