SPS Commerce: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
SPS Commerce (NASDAQ:SPSC) reported Q4 earnings with an EPS of $0.75, beating estimates by 8.7% and showing a revenue increase of $22.95 million from the previous year. Despite past earnings beats, the company experienced a 0.68% share price drop the day after last quarter's earnings were announced.
February 08, 2024 | 9:20 pm
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SPS Commerce reported a strong Q4 earnings beat with an EPS of $0.75, surpassing estimates by 8.7%, and a notable year-over-year revenue increase.
SPS Commerce's Q4 earnings beat and revenue increase are likely to positively impact investor sentiment and the stock price in the short term, despite a historical drop in share price following last quarter's earnings announcement. The consistent earnings beat and revenue growth over the past quarters suggest a strong financial performance that could bolster investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100