AudioCodes Q1 2024 Adj EPS $0.17 Misses $0.23 Estimate, Sales $60.076M Miss $62.452M Estimate
Portfolio Pulse from Benzinga Newsdesk
AudioCodes (NASDAQ:AUDC) reported Q1 2024 adjusted EPS of $0.17, missing the $0.23 estimate, and sales of $60.076M, below the $62.452M estimate. This represents a 112.5% increase in EPS and a 1.46% increase in sales from the same period last year.
May 07, 2024 | 6:22 am
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AudioCodes reported lower-than-expected Q1 2024 earnings and sales, with EPS at $0.17 vs. $0.23 expected and sales at $60.076M vs. $62.452M expected.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant miss in EPS by 26.09% and sales by 3.80% compared to analyst expectations could particularly concern investors, despite the year-over-year growth in both metrics.
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