Recap: Veeva Sys Q4 Earnings
Portfolio Pulse from Benzinga Insights
Veeva Systems (NYSE:VEEV) reported Q4 earnings, surpassing estimated earnings by 6.0% with an EPS of $1.38 against an estimate of $1.3. Revenue increased by $67.23 million from the same period last year. Despite beating EPS estimates in the past, such performance previously led to a 3.0% drop in share price the following day.
February 29, 2024 | 9:10 pm
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Veeva Systems reported a 6.0% earnings beat for Q4 with an EPS of $1.38 and a significant revenue increase from the previous year.
While Veeva Systems exceeded earnings expectations, historical data shows that past earnings beats were followed by a drop in share price the next day. This mixed signal suggests a neutral short-term impact on VEEV's stock price, as positive earnings could be offset by market reactions similar to previous quarters.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100