Aspen Technology Q2 Adj EPS $1.37 Misses $1.51 Estimate, Sales $257.16M Miss $267.17M Estimate
Portfolio Pulse from totan@benzinga.com
Aspen Technology (NASDAQ:AZPN) reported Q2 adjusted EPS of $1.37, missing the $1.51 estimate, and sales of $257.16M, below the $267.17M estimate. Despite these misses, the report shows a significant increase in earnings and a slight increase in sales compared to the same period last year.
February 06, 2024 | 9:07 pm
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Aspen Technology reported lower-than-expected Q2 earnings and sales, with adjusted EPS at $1.37 vs. $1.51 estimate and sales at $257.16M vs. $267.17M estimate.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the significant increase in earnings compared to last year may provide some buffer against a negative reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100