Informatica Q2 2024 Adj. EPS $0.23 Beats $0.22 Estimate, Sales $400.600M Miss $403.048M Estimate
Portfolio Pulse from Benzinga Newsdesk
Informatica (NYSE: INFA) reported Q2 2024 adjusted EPS of $0.23, beating the estimate of $0.22. However, sales of $400.6M missed the $403.048M estimate. Sales increased by 6.55% year-over-year.
July 30, 2024 | 8:07 pm
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POSITIVE IMPACT
Informatica's Q2 2024 earnings per share beat estimates, but sales slightly missed expectations. Despite the sales miss, the year-over-year growth in sales is a positive indicator.
The beat on EPS is a positive sign and may boost investor confidence, leading to a potential short-term increase in stock price. The slight miss on sales is less significant given the overall year-over-year growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100