PowerFleet Q1 Adj EPS $0.00 Beats $(0.09) Estimate, Sales $75.43M
Portfolio Pulse from Benzinga Newsdesk
PowerFleet, Inc. (NASDAQ:AIOT) reported better-than-expected Q1 earnings with an adjusted EPS of $0.00, surpassing the analyst estimate of $(0.09). The company also reported quarterly sales of $75.43 million.
August 22, 2024 | 11:06 am
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PowerFleet, Inc. reported Q1 earnings that exceeded expectations, with an adjusted EPS of $0.00 compared to the estimated $(0.09). Sales reached $75.43 million.
The company's earnings per share exceeded analyst expectations by a significant margin, which is likely to positively impact the stock price in the short term. The sales figure also supports a positive outlook.
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