SecureWorks Q4 Adj EPS $0.08 Beats $(0.03) Estimate, Sales $89.15M Beat $87.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
SecureWorks (NASDAQ:SCWX) reported Q4 adjusted EPS of $0.08, surpassing the $(0.03) estimate, with sales of $89.15M exceeding the $87.18M forecast. This represents a significant improvement over the previous year's losses but a decrease in sales.
March 14, 2024 | 11:01 am
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SecureWorks reported a strong Q4 with EPS of $0.08, beating estimates, and sales of $89.15M, also above expectations. This marks a significant turnaround from last year's losses.
SecureWorks' Q4 earnings significantly exceeded analyst expectations, both in terms of EPS and sales. The positive earnings surprise and sales beat are likely to instill investor confidence and could lead to a short-term uptick in SCWX's stock price. The substantial improvement over last year's losses further underscores the company's positive momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100