Nutanix Q3 2024 Adj EPS $0.28 Beats $0.17 Estimate, Sales $524.577M Beat $516.183M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nutanix (NASDAQ:NTNX) reported Q3 2024 adjusted EPS of $0.28, beating the estimate of $0.17 by 64.71%. Sales were $524.577M, surpassing the $516.183M estimate and showing a 16.94% increase from the same period last year.
May 29, 2024 | 8:28 pm
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Nutanix reported strong Q3 2024 earnings with an adjusted EPS of $0.28, significantly beating the $0.17 estimate. Sales also exceeded expectations, coming in at $524.577M, a 16.94% increase YoY.
Nutanix's strong earnings and revenue performance, significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The substantial YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100