CORRECTION: Asure Software Q4 Adjusted EPS $0.08 Beats $0.05 Estimate, Sales $26.26M Miss $26.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Asure Software (NASDAQ:ASUR) reported Q4 adjusted EPS of $0.08, surpassing the $0.05 estimate, but its sales of $26.26M fell short of the $26.39M estimate. This represents a 52.94% decrease in earnings and a 10.34% decrease in sales from the same period last year.
February 26, 2024 | 10:23 pm
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NEUTRAL IMPACT
Asure Software reported a mixed Q4 with EPS beating estimates but sales missing expectations, indicating a significant decrease in both earnings and sales YOY.
The mixed results with an EPS beat but a miss on sales forecasts could lead to neutral short-term stock price movement. The significant YOY decreases in both earnings and sales are concerning, but the EPS beat might offset some negative sentiment.
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RELEVANCE 100