Recap: Anterix Q3 Earnings
Portfolio Pulse from Benzinga Insights
Anterix (NASDAQ:ATEX) reported Q3 earnings with an EPS of $0.02, significantly beating the estimated -$0.62 and showing a revenue increase of $693k from the previous year. This follows a pattern of surpassing EPS estimates in recent quarters, with the last quarter's beat leading to a 9.26% share price increase the next day.
February 14, 2024 | 9:40 pm
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Anterix reported a significant beat on Q3 earnings with an EPS of $0.02 against an expected -$0.62 and a year-over-year revenue increase, continuing its trend of surpassing EPS estimates.
Anterix's substantial beat on earnings estimates and its history of positive earnings surprises suggest a strong short-term bullish sentiment for the stock. The previous quarter's earnings beat resulted in a 9.26% share price increase the following day, indicating a potential similar positive reaction. The consistent outperformance in earnings and the significant beat in this quarter are likely to boost investor confidence and drive up the stock price in the short term.
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RELEVANCE 100