Computer Task Gr Q2 Adj EPS $0.13 Misses $0.14 Estimate, Sales $74.59M Miss $78.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Computer Task Gr (NASDAQ:CTG) reported Q2 earnings of $0.13 per share, missing the analyst consensus estimate of $0.14 by 7.14%. This is a 13.33% decrease from the same period last year. The company also reported quarterly sales of $74.59 million, missing the analyst consensus estimate of $78.70 million by 5.22%, a 9.87% decrease from the same period last year.
August 09, 2023 | 12:17 pm
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NEGATIVE IMPACT
Computer Task Gr's Q2 earnings and sales missed estimates, with a decrease in both earnings per share and sales compared to the same period last year.
Computer Task Gr reported lower than expected earnings and sales for Q2, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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