Radware Q4 Adj EPS $0.13 Beats $0.12 Estimate, Sales $65.03M Beat $64.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radware (NASDAQ:RDWR) reported Q4 adjusted EPS of $0.13, surpassing the $0.12 estimate, with sales of $65.03M exceeding the $64.13M forecast. However, this reflects a 23.53% decrease in earnings and a 12.22% decrease in sales from the same period last year.
February 07, 2024 | 11:01 am
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Radware reported a Q4 adjusted EPS of $0.13, beating estimates, with sales of $65.03M also exceeding expectations. However, both earnings and sales have decreased compared to last year.
While Radware's Q4 earnings and sales beat estimates, the significant year-over-year decline in both metrics could temper investor enthusiasm. The positive beat on expectations may provide some short-term support to the stock price, but the underlying decrease in performance year-over-year is likely to raise concerns among investors about the company's growth trajectory and profitability, potentially limiting any positive impact on the stock price in the short term.
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