Elastic Q1 2025 Adj. EPS $0.35 Beats $0.25 Estimate, Sales $347.420M Beat $344.691M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elastic (NYSE:ESTC) reported strong Q1 2025 earnings, with an adjusted EPS of $0.35, beating the $0.25 estimate by 40%. Sales reached $347.42M, surpassing the $344.691M estimate and marking an 18.27% increase from the previous year.
August 29, 2024 | 8:07 pm
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Elastic's Q1 2025 earnings exceeded expectations with an EPS of $0.35, a 40% increase from the previous year, and sales of $347.42M, an 18.27% increase year-over-year.
Elastic's earnings and sales both exceeded analyst expectations, indicating strong financial performance. The significant year-over-year growth in both EPS and sales suggests positive momentum, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100