Varonis Systems Q3 2024 Adj EPS $0.10 Beats $0.07 Estimate, Sales $148.07M Beat $141.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Varonis Systems reported Q3 2024 earnings of $0.10 per share, surpassing the $0.07 estimate, and sales of $148.07 million, exceeding the $141.64 million estimate. This marks a 21.06% increase in sales from the previous year.
October 29, 2024 | 8:10 pm
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Varonis Systems reported better-than-expected Q3 2024 earnings and sales, with EPS of $0.10 beating the $0.07 estimate and sales of $148.07M surpassing the $141.64M estimate. Sales increased by 21.06% year-over-year.
The significant beat on both EPS and sales estimates, along with a strong year-over-year sales growth, is likely to positively impact Varonis Systems' stock price in the short term. Investors often react favorably to earnings beats, especially when accompanied by strong sales growth.
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