Casa Systems Q2 Adj EPS $(0.26) Misses $(0.11) Estimate, Sales $58.00M Miss $65.00M Estimate
Portfolio Pulse from vinayak@benzinga.com
Casa Systems reported Q2 losses of $0.26 per share, missing the analyst consensus estimate of $0.11 by 136.36%. This is a 73.33% decrease from the same period last year. The company also reported quarterly sales of $58.00 million, missing the analyst consensus estimate of $65.00 million by 10.76%. This is an 18.12% decrease from the same period last year.
August 08, 2023 | 8:43 pm
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NEGATIVE IMPACT
Casa Systems' Q2 results missed analyst estimates, with a significant decrease in earnings and sales compared to the same period last year.
Casa Systems reported a larger than expected loss and lower sales for Q2, both of which missed analyst estimates. This indicates a negative financial performance, which is likely to negatively impact the company's stock price in the short term.
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