CGI Q3 Adj EPS $1.34 Misses $1.36 Estimate, Sales $2.70B Miss $2.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
CGI (NYSE:GIB) reported Q3 adjusted earnings of $1.34 per share, missing the analyst consensus estimate of $1.36 by 1.47 percent. This is a 10.74 percent increase from the same period last year. The company also reported quarterly sales of $2.70 billion, missing the analyst consensus estimate of $2.76 billion by 2.28 percent, but a 5.60 percent increase from the same period last year.
July 26, 2023 | 10:32 am
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CGI's Q3 earnings and sales missed estimates, but showed increases from the same period last year.
CGI's earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the year-over-year increases in earnings and sales could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100