SPS Commerce Q4 2023 Adj EPS $0.75 Beats $0.69 Estimate, Sales $144.97M Beat $143.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
SPS Commerce (NASDAQ:SPSC) reported Q4 2023 adjusted EPS of $0.75, surpassing the $0.69 estimate, with sales of $144.97M exceeding the $143.09M estimate, marking an 18.81% increase from the previous year.
February 08, 2024 | 9:15 pm
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POSITIVE IMPACT
SPS Commerce reported a strong Q4 2023 with earnings and sales surpassing estimates, indicating robust financial health and growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant year-over-year sales growth further strengthens the case for a positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100