Artisan Partners Asset Q1 2024 Adj EPS $0.76 Misses $0.77 Estimate, Sales $264.400M Miss $270.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Artisan Partners Asset (APAM) reported Q1 2024 adjusted EPS of $0.76, missing the $0.77 estimate, and sales of $264.4M, below the $270.9M estimate. This represents an 18.75% increase in earnings and a 12.75% increase in sales from the same period last year.
April 23, 2024 | 8:57 pm
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NEGATIVE IMPACT
Artisan Partners Asset reported a slight miss in Q1 2024 earnings and sales, with adjusted EPS at $0.76 and sales at $264.4M, missing estimates.
Missing both earnings and sales estimates, even slightly, can lead to negative investor sentiment in the short term, potentially impacting APAM's stock price negatively. However, the year-over-year growth in both earnings and sales indicates underlying strength, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100