Altair Engineering Q4 2023 Adj EPS $0.46 Beats $0.41 Estimate, Sales $171.50M Miss $172.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altair Engineering (ALTR) reported Q4 2023 adjusted EPS of $0.46, surpassing the $0.41 estimate, but its sales of $171.50M fell short of the $172.54M estimate, marking a 6.90% increase from the previous year.
February 22, 2024 | 9:19 pm
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NEUTRAL IMPACT
Altair Engineering's Q4 2023 earnings beat EPS estimates but missed on sales, with a year-over-year sales increase of 6.90%.
The mixed results with an EPS beat but a slight miss on sales forecasts could lead to neutral market reaction. The year-over-year sales growth is positive, but the miss on sales estimates may temper any potential positive sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100