Recap: Light & Wonder Q4 Earnings
Portfolio Pulse from Benzinga Insights
Light & Wonder (NASDAQ:LNW) reported Q4 earnings with an EPS of $0.73, beating estimates by 9.0% and marking an $88.00 million revenue increase from the previous year. The company has shown a consistent pattern of surpassing EPS estimates, with a notable 11.0% share price increase following last quarter's earnings beat.
February 27, 2024 | 9:35 pm
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POSITIVE IMPACT
Light & Wonder reported a strong Q4 earnings beat with a 9.0% higher EPS than estimated and significant year-over-year revenue growth.
The positive earnings report, especially the 9.0% beat on EPS estimates and the substantial revenue increase from the previous year, suggests a strong financial performance by Light & Wonder. Historically, the company's stock price has responded positively to earnings beats, as evidenced by the 11.0% increase following last quarter's results. This pattern indicates a likely short-term positive impact on LNW's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100