CS Disco Q1 2024 Adj EPS $(0.08) Beats $(0.11) Estimate, Sales $35.571M Miss $35.603M Estimate
Portfolio Pulse from Benzinga Newsdesk
CS Disco (NYSE:LAW) reported Q1 2024 earnings with an adjusted EPS of $(0.08), surpassing the $(0.11) estimate, marking a 60% improvement year-over-year. However, their sales of $35.571M slightly missed the $35.603M estimate, though it represents a 7.37% increase from the previous year.
May 09, 2024 | 8:25 pm
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POSITIVE IMPACT
CS Disco reported a better-than-expected Q1 2024 EPS but slightly missed sales estimates. The EPS improvement and sales growth indicate a positive trend.
Beating EPS estimates typically has a positive impact on investor sentiment and stock price, as it indicates operational efficiency and profitability. The slight miss in sales is overshadowed by the significant improvement in EPS and year-over-year sales growth, suggesting a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100