CareCloud Q2 Adj. EPS $0.09 Beats $(0.28) Estimate, Sales $29.36M Miss $32.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
CareCloud (NASDAQ:CCLD) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $(0.28) by 132.14%. However, the company's quarterly sales of $29.36 million missed the analyst consensus estimate of $32.04 million by 8.36%. This represents a 75% decrease in earnings and a 21.13% decrease in sales compared to the same period last year.
August 04, 2023 | 12:57 pm
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CareCloud's Q2 earnings exceeded expectations but sales fell short. This mixed report, coupled with a significant YoY decrease in both earnings and sales, may lead to uncertainty among investors.
While CareCloud beat earnings estimates, the miss on sales and the significant year-over-year decreases in both earnings and sales could lead to mixed investor sentiment. This could result in a neutral short-term impact on the stock price.
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