Virtus Inv Q3 2024 Adj EPS $6.92 Beats $6.80 Estimate, Sales $227.00M Beat $208.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virtus Investment Partners (NASDAQ:VRTS) reported Q3 2024 earnings of $6.92 per share, surpassing the $6.80 estimate and marking an 11.43% increase from last year. Sales reached $227 million, beating the $208.14 million estimate and showing a 3.53% year-over-year growth.
October 25, 2024 | 11:01 am
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Virtus Investment Partners reported Q3 2024 earnings of $6.92 per share, beating the $6.80 estimate and showing an 11.43% increase from last year. Sales were $227 million, exceeding the $208.14 million estimate and growing 3.53% year-over-year.
The company's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year growth in both earnings and sales further supports a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100