Nasdaq Q1 2024 Adj EPS $0.63 Misses $0.65 Estimate, Sales $1.117B Beat $1.114B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nasdaq (NDAQ) reported Q1 2024 earnings of $0.63 per share, missing the consensus estimate of $0.65. However, its quarterly sales of $1.117B exceeded the $1.114B estimate, marking a 22.21% increase from the previous year.
April 25, 2024 | 11:01 am
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NEUTRAL IMPACT
Nasdaq's Q1 2024 earnings per share of $0.63 missed estimates by 3.08%, while sales of $1.117B exceeded expectations and grew 22.21% year-over-year.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, but the beat on revenue and significant year-over-year growth might offset this. The mixed results present a neutral outlook, as the positive revenue performance could counterbalance the negative perception from the EPS miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100