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Simulations Plus: Fiscal Q4 Earnings Snapshot
By AP News - Oct 23, 2024, 05:17 PM ET
Last Updated - Oct 23, 2024, 05:17 PM EDT
LANCASTER, Calif. (AP) — LANCASTER, Calif. (AP) — Simulations Plus Inc. (SLP) on Wednesday reported fiscal fourth-quarter net income of $800,000.
On a per-share basis, the Lancaster, California-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs, came to 6 cents per share.
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The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The maker of software used in pharmaceutical research posted revenue of $18.7 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $19.7 million.
For the year, the company reported profit of $10 million, or 49 cents per share. Revenue was reported as $70 million.
Simulations Plus expects full-year earnings in the range of $1.07 to $1.20 per share, with revenue in the range of $90 million to $93 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLP at https://www.zacks.com/ap/SLP
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