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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100