Cognyte Software Q4 2024 Adj EPS $(0.23) Beats $(0.27) Estimate, Sales $83.691M Beat $80.108M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognyte Software (NASDAQ:CGNT) reported Q4 2024 adjusted EPS of $(0.23), surpassing the $(0.27) estimate, with sales of $83.691M exceeding the $80.108M forecast. This represents a 13.75% increase in sales compared to the same period last year.
April 09, 2024 | 11:03 am
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Cognyte Software reported a Q4 2024 adjusted EPS of $(0.23), beating estimates, with sales of $83.691M also surpassing expectations. Year-over-year sales increased by 13.75%.
Cognyte Software's better-than-expected Q4 2024 earnings and sales figures, especially the significant year-over-year sales growth, are likely to positively impact investor sentiment and the stock price in the short term. Beating both EPS and sales estimates usually leads to positive market reactions.
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