Azenta Inc (AZTA) reported upside earnings and revenues today.
Azenta Inc's earnings came in at an EPS of $0.13 per share, 750.00% higher than estimates for an EPS loss of $0.02 per share. The firm's earnings are up 8% since reporting $0.12 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.
Analyst projections for Azenta Inc revenue came in at a consensus of $153.5 million. Third-Quarter revenues surpassed estimates for $165.9 million by $12.5 million (8%). The company achieved 25% growth year-over-year compared to the firm's revenue of $132.7 million from the year-ago quarter. The lower earnings growth relative to revenue signals Azenta Inc has not been able to improve its profit margin.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.