Simulations Plus Q1 Adj $0.10, Inline, Sales $14.50M Beat $13.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simulations Plus (NASDAQ:SLP) reported Q1 adjusted earnings of $0.10 per share, meeting analyst estimates, and a 66.67% increase from the previous year. Sales reached $14.50M, surpassing the $13.93M estimate by 4.13% and marking a 21.20% increase from the same period last year.
January 03, 2024 | 9:07 pm
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POSITIVE IMPACT
Simulations Plus reported strong Q1 results with earnings per share of $0.10, in line with expectations, and a significant sales beat at $14.50M versus the $13.93M estimate.
The positive earnings report, with both earnings and sales beating estimates, is likely to instill investor confidence and could lead to a short-term uptick in SLP's stock price. The substantial year-over-year growth in earnings and sales further underscores the company's strong performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100