Gen Digital Q4 Adj $0.53 Beats $0.52 Estimate, Sales $967.00M Beat $965.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gen Digital (NASDAQ:GEN) reported Q4 earnings of $0.53 per share, surpassing the $0.52 estimate, and sales of $967M, beating the $965.02M estimate. This represents a 15.22% increase in earnings and a 2.11% increase in sales from the same period last year.
May 09, 2024 | 8:07 pm
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POSITIVE IMPACT
Gen Digital reported higher than expected Q4 earnings and sales, indicating a positive performance trend.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth over the previous year further strengthens the case for a positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100