Ziff Davis (NASDAQ:ZD) reported its Q1 earnings results on Tuesday, May 9, 2023 at 05:30 PM.

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

Earnings

Ziff Davis beat estimated earnings by 3.77%, reporting an EPS of $1.1 versus an estimate of $1.06.

Revenue was down $7.93 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.1 which was followed by a 7.75% drop in the share price the next day.

Here's a look at Ziff Davis's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Ziff Davis management provided guidance for FY 2023, expecting earnings between $6.02 and $6.54 per share.

To track all earnings releases for Ziff Davis visit their earnings calendar here.

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