Aviat Networks Q4 Adj $0.72 Beats $0.69 Estimate, Sales $116.66M Beat $112.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Aviat Networks (NASDAQ:AVNW) reported Q4 earnings of $0.72 per share, surpassing the $0.69 estimate, despite a 17.24% decrease from last year. Sales reached $116.66M, exceeding the $112.92M estimate and marking a 28.05% increase from the previous year.
October 04, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Aviat Networks reported better-than-expected Q4 earnings and sales, with EPS at $0.72 beating the $0.69 estimate and sales at $116.66M surpassing the $112.92M estimate. Despite a year-over-year EPS decline, sales increased significantly by 28.05%.
The positive earnings and sales surprise is likely to boost investor confidence in Aviat Networks, potentially leading to a short-term increase in stock price. The significant sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100