Upland Software Q4 2023 Adj EPS $0.14 Misses $0.18 Estimate, Sales $72.18M Beat $71.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upland Software (NASDAQ:UPLD) reported Q4 2023 adjusted EPS of $0.14, missing the $0.18 estimate, but sales of $72.18M exceeded the $71.35M estimate. This represents an 8.42% decrease in sales compared to the same period last year.
February 22, 2024 | 9:12 pm
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NEGATIVE IMPACT
Upland Software reported a mixed Q4 2023 with an EPS miss but a slight sales beat, alongside a year-over-year sales decrease.
The missed EPS estimate is likely to negatively impact investor sentiment in the short term, despite the slight beat on sales. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100