Qualys Sees Q3 Adj. EPS $1.28-$1.36 Vs 1.32 Est.; Revenue $149.8M-$151.8M Vs $148.699M Est.
Portfolio Pulse from Benzinga Newsdesk
Qualys has provided its Q3 financial guidance, projecting adjusted EPS between $1.28 and $1.36, compared to the estimated $1.32. The company also expects revenue between $149.8 million and $151.8 million, surpassing the estimated $148.699 million.
August 06, 2024 | 8:27 pm
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POSITIVE IMPACT
Qualys has provided a positive Q3 financial outlook, with adjusted EPS and revenue projections both exceeding estimates. This is likely to boost investor confidence and positively impact the stock price in the short term.
The company's guidance for both adjusted EPS and revenue exceeds market expectations, which is typically viewed positively by investors. This should lead to a short-term increase in the stock price as it reflects strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100