Recap: Aspen Technology Q2 Earnings
Portfolio Pulse from Benzinga Insights
Aspen Technology (NASDAQ:AZPN) reported Q2 earnings with an EPS of $1.37, missing estimates by 9.27% against an expected $1.51. Revenue increased by $14.32 million from the same period last year. Despite missing EPS estimates last quarter, AZPN's share price increased by 2.49% the following day. Historical earnings data shows a pattern of missed EPS estimates in recent quarters.
February 06, 2024 | 9:10 pm
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Aspen Technology reported a Q2 EPS of $1.37, missing the estimated $1.51 by 9.27%, but showed a revenue increase of $14.32M from the previous year.
Although Aspen Technology missed the EPS estimate, the increase in revenue and historical resilience of the share price following earnings misses suggest a neutral short-term impact. The company's pattern of missing EPS estimates but showing revenue growth and share price resilience indicates that investors may have already adjusted expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100