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Shares of Descartes Systems Gr (NASDAQ:DSGX) rose 1.66% after the company reported Q3 results.
Quarterly Results
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Earnings per share were up 36.36% year over year to $0.15, which beat the estimate of $0.14.
Revenue of $87,508,000 higher by 5.40% from the same period last year, which beat the estimate of $85,980,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Descartes Systems Gr hasn't issued any revenue guidance for the time being.
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Date: Dec 02, 2020
Time: 05:00 PM
ET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=DB47936B-43D3-4A10-8B8E-BF51EC5FE980&LangLocaleID=1033
Technicals
Company's 52-week high was at $63.11
Company's 52-week low was at $24.35
Price action over last quarter: Up 4.68%
Company Profile
The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.