Mitek Systems Q3 2024 Adj. EPS $0.25 Misses $0.26 Estimate, Sales $44.976M Miss $47.986M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mitek Systems (NASDAQ:MITK) reported Q3 2024 adjusted EPS of $0.25, missing the analyst estimate of $0.26. Quarterly sales were $44.976 million, also missing the estimate of $47.986 million. Despite the misses, sales increased by 4.43% year-over-year.
August 08, 2024 | 8:26 pm
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Mitek Systems reported Q3 2024 adjusted EPS of $0.25, missing the analyst estimate of $0.26. Quarterly sales were $44.976 million, also missing the estimate of $47.986 million. Despite the misses, sales increased by 4.43% year-over-year.
Mitek Systems missed both EPS and sales estimates for Q3 2024, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
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