Altair Engineering Q1 2024 Adj EPS $0.40 Beats $0.34 Estimate, Sales $172.900M Beat $169.276M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altair Engineering (ALTR) reported Q1 2024 adjusted EPS of $0.40, surpassing the $0.34 estimate, with sales of $172.9M also beating the $169.276M estimate, marking a 4.14% increase from the previous year.
May 02, 2024 | 8:11 pm
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Altair Engineering reported a strong Q1 2024 with earnings and sales exceeding analyst expectations, indicating robust financial health and potential growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts for Altair Engineering suggests strong operational performance and could attract more investors, driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100