Recap: American Software Q3 Earnings
Portfolio Pulse from Benzinga Insights
American Software (NASDAQ:AMSWA) reported Q3 earnings with an EPS of $0.19, surpassing estimates by 171.43% but with a revenue decrease of $5.47 million YoY. The company previously missed EPS estimates last quarter, leading to a 9.02% share price drop the following day. Historical performance shows fluctuating EPS and revenue figures over the past quarters.
February 22, 2024 | 9:25 pm
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American Software reported a significant beat on Q3 earnings estimates with an EPS of $0.19, greatly exceeding the expected $0.07. However, revenue declined by $5.47 million compared to the same period last year.
The substantial beat on earnings per share (EPS) is likely to positively impact investor sentiment and potentially lead to an increase in stock price, similar to historical patterns. However, the decline in revenue year-over-year (YoY) could temper some of the positive momentum. The previous quarter's miss on EPS and subsequent stock price drop indicate that earnings reports are a significant driver of stock price movement for AMSWA.
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