American Software Q4 Adj $0.12 Beats $0.08 Estimate, Sales $25.39M Beat $25.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Software (NASDAQ:AMSWA) reported Q4 earnings of $0.12 per share, beating the analyst estimate of $0.08. Quarterly sales were $25.39 million, slightly above the $25.12 million estimate but down 5.14% from last year.
June 06, 2024 | 8:19 pm
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American Software reported Q4 earnings of $0.12 per share, beating the $0.08 estimate. Sales were $25.39M, slightly above the $25.12M estimate but down 5.14% from last year.
The earnings per share (EPS) beat by 50% is a strong positive signal, likely to boost investor confidence. Although sales were slightly above estimates, the year-over-year decline may temper some enthusiasm. Overall, the positive earnings surprise is expected to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100