Ziff Davis Q1 2024 Adj EPS $1.27 Beats $1.15 Estimate, Sales $314.485M Beat $313.145M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ziff Davis (NASDAQ:ZD) reported Q1 2024 earnings of $1.27 per share, surpassing the $1.15 estimate, marking a 15.45% increase from last year. Sales reached $314.485M, slightly above the $313.145M forecast, representing a 2.39% year-over-year growth.
May 08, 2024 | 11:12 pm
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Ziff Davis reported a strong Q1 2024 with earnings and sales exceeding estimates, indicating robust financial health and potential for stock appreciation.
Ziff Davis's earnings and sales beat not only demonstrates the company's ability to outperform analyst expectations but also suggests a positive trajectory in its financial performance. This typically leads to positive investor sentiment and can drive the stock price up in the short term, especially given the significant year-over-year growth in both earnings and sales.
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