Azenta Q2 2024 Adj EPS $0.05 Beats $0.02 Estimate, Sales $159.134M Miss $159.887M Estimate
Portfolio Pulse from Benzinga Newsdesk
Azenta (NASDAQ:AZTA) reported Q2 2024 adjusted EPS of $0.05, surpassing the $0.02 estimate, but its sales of $159.134M fell short of the $159.887M forecast, marking a 7.23% increase from the previous year.
May 08, 2024 | 8:35 pm
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Azenta reported a higher-than-expected adjusted EPS of $0.05 for Q2 2024 but missed sales estimates slightly, with a year-over-year increase of 7.23%.
Beating EPS estimates typically has a positive impact on stock price as it indicates better-than-expected profitability. However, missing sales estimates could temper some of the positive momentum. The significant year-over-year sales growth suggests underlying business strength, which could further support the stock price in the short term.
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