Cepton Q2 Adj EPS $(0.08) Misses $(0.07) Estimate, Sales $2.79M Miss $3.30M Estimate
Portfolio Pulse from mahesh@benzinga.com
Cepton (NASDAQ:CPTN) reported Q2 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.07) by 14.29%. The company also reported quarterly sales of $2.79 million, missing the analyst consensus estimate of $3.30 million by 15.55%. However, both figures represent an increase from the same period last year.
August 07, 2023 | 8:29 pm
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Cepton's Q2 results missed analyst estimates, which could negatively impact investor sentiment and the company's stock price in the short term.
Cepton's Q2 earnings and sales missed analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price. However, the YoY increase in both earnings and sales could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100