Recap: Altair Engineering Q1 Earnings

Altair Engineering ALTR reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Altair Engineering beat estimated earnings by 24.14%, reporting an EPS of $0.36 versus an estimate of $0.29.

Revenue was up $6.25 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 12.32% increase in the share price the next day.

Here's a look at Altair Engineering's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.19 0.01 0.09 0.30
EPS Actual 0.31 0.05 0.13 0.38
Revenue Estimate 146.20M 117.62M 129.47M 153.97M
Revenue Actual 160.43M 119.35M 132.66M 159.78M

To track all earnings releases for Altair Engineering visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
▲▼
ticker
▲▼
name
▲▼
Actual EPS
▲▼
EPS Surprise
▲▼
Actual Rev
▲▼
Rev Surprise
▲▼
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!