Informatica Q3 2024 Adj EPS $0.28 Misses $0.30 Estimate, Sales $422.48M Beat $421.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Informatica (NYSE:INFA) reported Q3 2024 earnings per share of $0.28, missing the analyst estimate of $0.30. However, sales were $422.48 million, slightly above the $421.42 million estimate, marking a 3.41% increase from the previous year.
October 30, 2024 | 8:11 pm
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NEGATIVE IMPACT
Informatica's Q3 2024 earnings per share missed expectations, but sales slightly exceeded estimates, showing a year-over-year increase.
The miss on EPS is likely to have a negative short-term impact on the stock price as it indicates lower profitability than expected. However, the slight beat in sales and year-over-year growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100