Arista Networks Q1 2024 Adj EPS $1.99 Beats $1.74 Estimate, Sales $1.571B Beat $1.549B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arista Networks reported Q1 2024 adjusted EPS of $1.99, surpassing the $1.74 estimate, with sales of $1.571B also beating the $1.549B estimate. This represents a 16.28% increase in sales compared to the same period last year.
May 07, 2024 | 8:09 pm
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POSITIVE IMPACT
Arista Networks exceeded Q1 2024 earnings and sales estimates, with a significant year-over-year sales growth.
Beating both EPS and sales estimates significantly, especially with a notable year-over-year sales increase, is likely to be viewed positively by investors. This outperformance could lead to increased investor confidence and a potential short-term uptick in ANET's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100