SolarWinds Q2 2024 Adj. EPS $0.26 Beats $0.23 Estimate, Sales $193.250M Beat $188.665M Estimate
Portfolio Pulse from Benzinga Newsdesk
SolarWinds reported Q2 2024 adjusted EPS of $0.26, beating the estimate of $0.23. Sales were $193.250 million, surpassing the expected $188.665 million.
August 01, 2024 | 12:01 pm
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POSITIVE IMPACT
SolarWinds reported better-than-expected Q2 2024 results with an adjusted EPS of $0.26 and sales of $193.250 million, both beating estimates.
SolarWinds' better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100