Artisan Partners Asset Q4 Adj EPS $0.78 Beats $0.74 Estimate, Sales $249.00M Miss $249.60M Estimate
Portfolio Pulse from bharat@benzinga.com
Artisan Partners Asset (NYSE:APAM) reported Q4 adjusted EPS of $0.78, surpassing the $0.74 estimate, marking a 20% increase from last year. However, sales of $249.00M slightly missed the $249.60M estimate, though they were up 10.18% from the previous year.
January 30, 2024 | 9:20 pm
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Artisan Partners Asset reported higher-than-expected Q4 EPS at $0.78, a 20% YOY increase, but sales slightly missed estimates at $249M, still showing a 10.18% YOY growth.
While APAM beat EPS estimates, which is typically a positive signal for investors, the slight miss on sales could temper enthusiasm. The mixed results may lead to a neutral short-term impact on the stock price, as the earnings beat could be offset by the slight revenue shortfall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100