American Software Q3 2024 Adj EPS $0.19 Beats $0.07 Estimate, Sales $25.54M Beat $24.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Software (AMSWA) reported Q3 2024 adjusted EPS of $0.19, surpassing the $0.07 estimate, with sales of $25.54M also beating the $24.81M estimate. However, this represents a 6.89% decrease in sales compared to the same period last year.
February 22, 2024 | 9:22 pm
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American Software reported higher than expected Q3 2024 earnings and sales, but experienced a year-over-year decrease in sales.
The significant beat on both earnings per share (EPS) and sales estimates for Q3 2024 is likely to be viewed positively by investors, potentially leading to a short-term increase in AMSWA's stock price. However, the year-over-year decrease in sales might temper some of the enthusiasm, suggesting a mixed but overall positive short-term impact.
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