◆ NeutralVEEV

Veeva Shares Slip Despite Beating Q1 Estimates: Details

Benzinga·
Veeva Shares Slip Despite Beating Q1 Estimates: Details

Veeva Systems beat Q1 earnings expectations with EPS of $2.24 vs. $2.13 estimate and revenue of $882.95M vs. $853.65M estimate. Subscription revenue grew 15% year-over-year to $730.2M. The company raised FY2027 guidance for both EPS ($9.05 vs. $8.82 estimate) and revenue ($3.64-3.65B vs. $3.58B estimate). Despite these strong results, VEEV stock fell 6% to $168 in after-hours trading.

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