Benzinga | Aug 26, 2020 04:11PM EDT

Elastic Q1 Adj. EPS $0.06 May Not Compare To $(0.18) Estimate, Sales $128.90M Beat $120.86M Estimate

Elastic (NYSE:ESTC) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.18) by 133.33 percent. This is a 118.75 percent increase over losses of $(0.32) per share from the same period last year. The company reported quarterly sales of $128.90 million which beat the analyst consensus estimate of $120.86 million by 6.65 percent. This is a 43.69 percent increase over sales of $89.71 million the same period last year.