E2open Parent Holdings Q3 Adj $0.04, Inline, Sales $156.40M Beat $154.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
E2open Parent Holdings (NYSE:ETWO) reported Q3 adjusted earnings of $0.04 per share, meeting analyst estimates but marking a 33.33% decrease from $0.06 per share last year. Sales were $156.40M, surpassing the $154.46M estimate but showing a 5.15% decrease from $164.90M in the same period last year.
January 09, 2024 | 9:34 pm
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NEGATIVE IMPACT
E2open Parent Holdings reported Q3 earnings in line with estimates but saw a year-over-year decrease in both earnings and revenue.
While E2open met analyst estimates for earnings, the year-over-year decline in both earnings and revenue could be seen as a negative trend, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100