Tenable Holdings Q1 2024 Adj EPS $0.25 Beats $0.18 Estimate, Sales $216.00M Beat $213.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenable Holdings (NASDAQ:TENB) reported Q1 2024 adjusted EPS of $0.25, surpassing the $0.18 estimate, with sales of $216.00M exceeding the $213.57M forecast. This represents a 14.38% increase in sales compared to the same period last year.
May 01, 2024 | 8:58 pm
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POSITIVE IMPACT
Tenable Holdings reported a significant beat on both earnings and sales estimates for Q1 2024, with a 14.38% increase in sales year-over-year.
Beating both EPS and sales estimates significantly, especially with a double-digit sales growth year-over-year, is a strong positive signal for investors. This performance could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100