Upland Software Q1 2024 Adj EPS $0.19 Beats $0.14 Estimate, Sales $70.736M Beat $68.326M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upland Software reported Q1 2024 adjusted EPS of $0.19, surpassing the $0.14 estimate, with sales of $70.736M also beating the $68.326M estimate. However, this represents a decrease from the previous year's earnings and sales.
May 02, 2024 | 9:22 pm
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POSITIVE IMPACT
Upland Software's Q1 2024 earnings and sales exceeded estimates, indicating a strong performance despite a year-over-year decline.
Beating both earnings and sales estimates typically leads to positive investor sentiment and could result in a short-term stock price increase. However, the year-over-year decline in both metrics may temper some of the positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100