CommVault Systems Q3 Adj EPS $0.78 Beats $0.73 Estimate, Sales $216.81M Beat $208.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
CommVault Systems (NASDAQ:CVLT) reported Q3 adjusted EPS of $0.78, surpassing the consensus estimate of $0.73, and representing a 25.81% increase from the previous year. Sales reached $216.81M, exceeding estimates of $208.06M and marking an 11.14% increase from the same period last year.
January 30, 2024 | 12:49 pm
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CommVault Systems reported strong Q3 results with both earnings and sales surpassing analyst estimates, indicating robust year-over-year growth.
CommVault's earnings and sales beat is likely to be viewed positively by investors, as it suggests the company is outperforming expectations and growing. This typically leads to increased investor confidence and can result in a short-term stock price increase.
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