Victory Capital Holdings Q1 Adj $1.25 Beats $1.21 Estimate, Sales $215.90M Miss $217.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Victory Capital Holdings (NASDAQ:VCTR) reported Q1 earnings of $1.25 per share, surpassing the $1.21 estimate, marking a 15.74% year-over-year increase. However, their Q1 sales of $215.90M fell short of the $217.79M estimate, despite being a 7.24% increase from the previous year.
May 09, 2024 | 8:30 pm
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Victory Capital Holdings reported higher-than-expected Q1 earnings per share but missed sales estimates, showing mixed financial performance.
The beat on earnings per share (EPS) estimates is positive, indicating operational efficiency and profitability. However, the miss on sales estimates could raise concerns about revenue growth and market expectations. The mixed results present a neutral outlook, as the positive EPS beat may offset concerns from the slight sales miss.
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