GigaCloud Tech Q4 EPS $0.87 Beats $0.58 Estimate, Sales $244.74M Beat $224.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
GigaCloud Tech (NASDAQ:GCT) reported Q4 earnings of $0.87 per share, surpassing the $0.58 estimate, a 180.65% increase from last year. Sales reached $244.74M, beating the $224.15M estimate, marking a 94.85% increase from the previous year.
March 15, 2024 | 12:03 pm
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GigaCloud Tech reported a significant beat on both earnings per share and sales for Q4, with EPS at $0.87 against a $0.58 estimate and sales of $244.74M against a $224.15M estimate.
The significant beat on both earnings per share and sales estimates for GigaCloud Tech in Q4 indicates strong financial performance and operational efficiency. This outperformance, especially with a 180.65% increase in EPS and a 94.85% increase in sales year-over-year, is likely to positively influence investor sentiment and could lead to a short-term uptick in GCT's stock price.
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