Aspen Technology Q3 2024 Adj EPS $1.70 Beats $1.46 Estimate, Sales $278.106M Beat $256.566M Estimate
Portfolio Pulse from Benzinga Newsdesk
Aspen Technology (NASDAQ:AZPN) reported Q3 2024 adjusted EPS of $1.70, surpassing the $1.46 estimate, and sales of $278.106M, exceeding the $256.566M estimate. This represents a 60.38% increase in EPS and a 20.98% increase in sales from the same period last year.
May 07, 2024 | 8:28 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Aspen Technology reported a significant beat on both EPS and sales estimates for Q3 2024, with a notable year-over-year growth in earnings and revenue.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, is likely to positively impact investor sentiment and Aspen Technology's stock price in the short term. The company's performance exceeds analyst expectations, indicating strong operational efficiency and market demand for its offerings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100