Lightspeed Commerce Q3 Adj EPS $0.08 Beats $0.03 Estimate, Sales $239.69M Beat $235.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lightspeed Commerce (LSPD) reported Q3 adjusted earnings of $0.08 per share, surpassing the consensus estimate of $0.03 by 166.67%. Quarterly sales reached $239.69 million, exceeding estimates of $235.66 million by 1.71% and marking a 27.03% increase from the previous year.
February 08, 2024 | 11:52 am
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Lightspeed Commerce reported a significant beat on both earnings and sales estimates for Q3, with adjusted EPS at $0.08 and sales at $239.69M.
Beating earnings and sales estimates usually leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts for LSPD, especially with a 166.67% beat on EPS estimates and a 27.03% YOY sales growth, indicates strong company performance and could lead to increased investor confidence and demand for LSPD shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100