Recap: Altair Engineering Q4 Earnings
Portfolio Pulse from Benzinga Insights
Altair Engineering (NASDAQ:ALTR) reported Q4 earnings with a 12.2% beat on estimated EPS, reporting $0.46 versus the $0.41 estimate. Revenue increased by $11.07 million from the same period last year. The company has a history of beating EPS estimates, which in the past has led to a share price increase the following day.
February 22, 2024 | 9:20 pm
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Altair Engineering reported a significant beat on Q4 earnings estimates and showed a notable increase in revenue from the previous year.
Altair Engineering's beat on earnings estimates and the historical positive reaction of its stock price to such beats suggest a likely short-term positive impact on its stock price. The company's consistent performance in surpassing earnings expectations and revenue growth further supports this outlook.
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