Why Simulations Plus stock inched higher today
Simulations Plus (NASDAQ: SLP) saw a slight increase in stock price by 0.4% following its fiscal second quarter results, which exceeded revenue and profitability expectations. The company reported $24.3 million in revenue, an 8% year-over-year increase, with software revenue rising 9%. However, it lowered its full-year net income forecast to $0.75-$0.85 per share from $1.03-$1.10 due to a higher effective tax rate. Despite this guidance cut, the overall performance remains strong, indicating potential for future growth.
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