Aviat Networks Q3 2024 Adj EPS $0.73 Beats $0.51 Estimate, Sales $111.613M Miss $113.437M Estimate
Portfolio Pulse from Benzinga Newsdesk
Aviat Networks (NASDAQ:AVNW) reported Q3 2024 adjusted EPS of $0.73, surpassing the $0.51 estimate, but sales of $111.613M fell short of the $113.437M forecast. This represents a 2.67% decrease in EPS and a 33.70% increase in sales year-over-year.
May 01, 2024 | 9:31 pm
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Aviat Networks reported a mixed Q3 2024 with EPS beating estimates at $0.73 but sales missing expectations at $111.613M.
The mixed results with an earnings beat but a slight miss on sales could lead to neutral short-term stock price movement. The significant beat on EPS may offset concerns about the sales miss, especially considering the year-over-year sales growth.
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