CS Disco Q4 2023 Adj EPS $(0.01) Beats $(0.10) Estimate, Sales $35.74M Beat $34.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
CS Disco (NYSE:LAW) reported Q4 2023 adjusted EPS of $(0.01), surpassing the $(0.10) estimate, and sales of $35.74M, exceeding the $34.99M estimate. This represents a significant improvement over the previous year, with a 96.88% increase in EPS and a 9.85% increase in sales.
February 22, 2024 | 9:44 pm
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POSITIVE IMPACT
CS Disco reported a much smaller loss per share and higher sales than expected for Q4 2023, indicating strong performance and potential growth.
Beating both EPS and sales estimates significantly, especially with a 96.88% improvement in EPS year-over-year, suggests operational efficiency and market strength. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in LAW's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100