Nova Q1 2024 Adj EPS $1.39 Beats $1.27 Estimate, Sales $141.800M Beat $136.754M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nova reported Q1 2024 adjusted EPS of $1.39, surpassing the $1.27 estimate, with sales of $141.800M exceeding the $136.754M forecast. This represents a 7.27% increase in sales compared to the same period last year.
May 09, 2024 | 11:36 am
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Nova's Q1 2024 earnings exceeded expectations with an EPS of $1.39 and sales of $141.800M, outperforming estimates and showing a 7.27% increase in sales year-over-year.
Beating both EPS and sales estimates significantly, especially with a notable year-over-year sales growth, is likely to be viewed positively by investors. This outperformance could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100