Informatica Q1 2024 Adj EPS $0.22 Beats $0.21 Estimate, Sales $388.61M Beat $387.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Informatica (NYSE:INFA) reported Q1 2024 adjusted EPS of $0.22, surpassing the $0.21 estimate, with sales of $388.61M exceeding the $387.36M forecast. This represents a 6.34% increase in sales compared to the same period last year.
May 01, 2024 | 8:27 pm
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Informatica reported a Q1 2024 adjusted EPS of $0.22, beating estimates, and sales of $388.61M, also above forecasts. Year-over-year sales growth was 6.34%.
Beating both EPS and sales estimates, especially with a notable year-over-year sales growth, is likely to be viewed positively by investors. This outperformance could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100