Pegasystems Q3 Adj $0.39 Beats $0.36 Estimate, Sales $325.05M Miss $325.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pegasystems reported Q3 earnings of $0.39 per share, beating estimates but showing a decline from last year. Sales slightly missed expectations at $325.05 million, also down from the previous year.
October 23, 2024 | 8:06 pm
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Pegasystems' Q3 earnings per share of $0.39 beat expectations, but sales of $325.05M slightly missed. Both earnings and sales decreased compared to last year.
The earnings beat is a positive sign, but the slight miss in sales and the year-over-year decline in both earnings and sales may neutralize the impact. Investors might view the results as mixed, leading to a neutral short-term price impact.
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IMPORTANCE 80
RELEVANCE 100