Ansys Q1 2024 Adj EPS $1.39 Misses $1.91 Estimate, Sales $466.60M Miss $549.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ansys (NASDAQ:ANSS) reported Q1 2024 adjusted EPS of $1.39, missing the $1.91 estimate, and sales of $466.60M, below the $549.38M estimate. This represents a 8.41% decrease in sales compared to the same period last year.
May 01, 2024 | 8:33 pm
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Ansys reported a significant miss in both EPS and sales for Q1 2024, with a year-over-year decrease in sales.
The miss in both earnings per share and sales compared to analyst estimates, coupled with a year-over-year decrease in sales, is likely to negatively impact investor sentiment and could lead to a short-term decrease in Ansys's stock price.
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