Clearfield Q3 EPS $0.33 Beats $0.09 Estimate, Sales $61.28M Beat $53.72M Estimate
Portfolio Pulse from sunil@benzinga.com
Clearfield (NASDAQ:CLFD) reported Q3 earnings of $0.33 per share, beating the analyst consensus estimate of $0.09 by 266.67%. However, this is a 64.13% decrease from the same period last year. The company also reported quarterly sales of $61.28 million, beating the estimate of $53.72 million by 14.08%, but this is a 13.99% decrease from last year.
August 04, 2023 | 2:36 pm
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Clearfield's Q3 earnings and sales exceeded estimates, but both showed a decrease compared to the same period last year. This mixed result could lead to uncertain market reactions.
Clearfield's earnings and sales beat estimates, which is generally positive for the stock. However, the YoY decrease in both earnings and sales could be a concern for investors, potentially offsetting the positive impact of beating estimates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100