MiX Telematics Q3 Adj EPADS $0.11, Inline, Sales $39.09M Beat $37.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
MiX Telematics (NYSE:MIXT) reported Q3 adjusted earnings per ADS of $0.11, meeting analyst estimates, and a 10% increase from the previous year. Quarterly sales were $39.09M, exceeding estimates by 5.64% and marking a 3.38% increase from the previous year.
February 01, 2024 | 11:06 am
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MiX Telematics reported Q3 earnings per ADS of $0.11, in line with estimates, and a 10% Y/Y increase. Sales reached $39.09M, beating estimates by 5.64% and showing a 3.38% Y/Y growth.
MiX Telematics' Q3 earnings report showing both a year-over-year increase in earnings and sales exceeding analyst estimates is likely to be viewed positively by investors. The company's ability to meet earnings expectations and surpass revenue forecasts suggests operational efficiency and market demand for its offerings, potentially leading to a short-term positive impact on its stock price.
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