Telos Q1 2024 Adj EPS $(0.08) Beats $(0.11) Estimate, Sales $29.619M Beat $28.383M Estimate
Portfolio Pulse from Benzinga Newsdesk
Telos (NASDAQ:TLS) reported Q1 2024 earnings with an adjusted EPS of $(0.08), surpassing the $(0.11) estimate. Sales reached $29.619M, exceeding the $28.383M forecast but marking a 15.91% decrease from the previous year.
May 10, 2024 | 12:03 pm
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Telos reported better-than-expected Q1 2024 earnings and sales, with an EPS of $(0.08) and sales of $29.619M, outperforming estimates but showing a year-over-year decline.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in sales might temper investor enthusiasm, suggesting a cautious optimism for TLS's short-term stock performance.
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