Mastech Digital Q4 2023 Adj EPS $0.11 Beats $0.09 Estimate, Sales $46.05M Miss $46.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mastech Digital (AMEX:MHH) reported Q4 2023 earnings of $0.11 per share, beating estimates by 22.22% but showing a 52.17% decrease from the previous year. Sales were $46.05M, missing estimates by 0.71% and marking a 19.51% decrease from the previous year.
February 07, 2024 | 12:08 pm
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Mastech Digital reported a mixed Q4 2023 with earnings beating estimates but both earnings and sales down significantly from the previous year.
While the earnings per share (EPS) beat may provide a short-term positive sentiment, the significant year-over-year decreases in both earnings and sales could raise concerns about the company's growth trajectory and profitability, potentially offsetting the positive impact of the EPS beat.
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