Computer Programs and Systems (CPSI) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this healthcare information technology company would post earnings of $0.58 per share when it actually produced earnings of $0.61, delivering a surprise of 5.17%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Computer Programs and Systems, which belongs to the Zacks Medical Info Systems industry, posted revenues of $59.55 million for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 1.29%. This compares to year-ago revenues of $66.16 million. The company has topped consensus revenue estimates three times over the last four quarters.
Palo Alto Networks PANW reported third-quarter fiscal 2020 non-GAAP earnings of $1.17 per share, which surpassed the Zacks Consensus Estimate by 28.6%. However, the bottom line declined 10.7% year over year.
The company’s revenues of $869.4 million improved 20% year over year. Moreover, the figure beat the Zacks Consensus Estimate of $829 million.
The top line was primarily driven by several deal wins and increasing adoption of the company’s next-generation security platforms, attributable to the rise in remote work environment and need for stronger security. Growing traction in Prisma and Cortex offerings also acted as a tailwind.
However, revenues were affected by the negative impact of sales incentives related to Next-Generation Security products, which continued from the prior fiscal year.
Palo Alto Networks, Inc. Price, Consensus and EPS Surprise
Palo Alto Networks, Inc. price-consensus-eps-surprise-chart | Palo Alto Networks, Inc. Quote
Stratasys Ltd. SSYS reported first-quarter 2020 non-GAAP loss of 19 cents per share, which was wider than the Zacks Consensus Estimate of a loss of 6 cents. Moreover, the bottom line was much lower than the year-ago quarter’s reported earnings of 10 cents.
Further, Stratasys’ revenues of $133 million missed the consensus mark of $137 million and declined 14.4% year over year.
Economic weakness due to the outbreak of the coronavirus pandemic affected the top line.
Moreover, the company withdrew its 2020 guidance, considering the uncertainty caused by the pandemic.
However, an increase in demand for 3D printed medical equipment was a tailwind.
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