Cannae Holdings Q2 EPS $(1.16) Misses $(0.03) Estimate, Sales $152.80M Miss $168.52M Estimate
Portfolio Pulse from totan@benzinga.com
Cannae Holdings (NYSE:CNNE) reported Q2 losses of $(1.16) per share, missing the analyst consensus estimate of $(0.03) by 3766.67%. This is a 63.17% increase over losses from the same period last year. The company also reported quarterly sales of $152.80 million, missing the analyst consensus estimate of $168.52 million by 9.33%. This is a 12.44% decrease over sales from the same period last year.
August 09, 2023 | 8:21 pm
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NEGATIVE IMPACT
Cannae Holdings reported larger than expected losses and lower than expected sales for Q2. This could negatively impact the company's stock price in the short term.
Cannae Holdings reported larger than expected losses and lower than expected sales for Q2. This underperformance compared to analyst estimates could lead to a decrease in the company's stock price in the short term as investors adjust their expectations for the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100