Bandwidth Q4 EPS $0.38 Beats $0.23 Estimate, Sales $165.39M Beat $154.06M Estimate
Portfolio Pulse from Happy Mohamed
Bandwidth (NASDAQ:BAND) reported Q4 earnings of $0.38 per share, surpassing the $0.23 estimate, marking a 100% increase from last year. Sales reached $165.39M, beating the $154.06M estimate, a 5.36% increase from the previous year.
February 28, 2024 | 12:05 pm
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Bandwidth reported a significant beat on both earnings and sales estimates for Q4, with earnings per share doubling from the same period last year and sales increasing by 5.36%.
The substantial beat on both earnings per share and sales estimates, coupled with year-over-year growth, is likely to positively influence investor sentiment and potentially drive up Bandwidth's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100