Amdocs Q1 2024 Adj EPS $1.56, Inline, Sales $1.25B Beat $1.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amdocs (NASDAQ:DOX) reported Q1 2024 earnings of $1.56 per share, meeting analyst estimates, with sales of $1.25B surpassing the $1.24B forecast, marking a 5.40% increase from the previous year.
February 06, 2024 | 9:05 pm
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Amdocs reported Q1 2024 earnings per share of $1.56, aligning with expectations, and sales of $1.25 billion, exceeding estimates by 0.48% and showing a 5.40% increase from the previous year.
Meeting earnings estimates typically stabilizes investor confidence, while exceeding revenue forecasts and demonstrating year-over-year growth are positive indicators for stock performance. Amdocs' ability to surpass sales estimates, even slightly, coupled with a significant annual growth, suggests a positive outlook for the stock in the short term.
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