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published in Blogs
Dec 12, 2022
Descartes ($DSGX, 68.37) beats Q3 earnings expectations

Descartes ($DSGX, 68.37) beats Q3 earnings expectations

Descartes Systems posted third quarter adjusted earnings of $0.31 per share, which exceeded the Zacks Consensus Estimate of $0.27 per share (according to Zacks Equity Research). This compares to earnings of $0.30 per share a year ago.

Revenues came in at $121.47 million, falling short of the Zacks Consensus Estimate by 1.33% (according to Zacks Equity Research). The figure is higher than the year-ago revenues of $108.91 million.

At the end of the quarter, Descartes had $237 million in cash.  President and COO Scott Pagan mentioned that the company is debt-free with an undrawn $350 million line of credit that it just extended the term on.

Related Tickers: DSGX