Cogent Comms Hldgs Q2 EPS $23.65 Beats $0.01 Estimate, Sales $239.81M Miss $264.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cogent Comms Hldgs (NASDAQ:CCOI) reported Q2 earnings of $23.65 per share, beating the analyst consensus estimate of $0.01 by 236400 percent. This is a 9754.17 percent increase from the same period last year. However, the company's quarterly sales of $239.81 million missed the analyst consensus estimate of $264.06 million by 9.19 percent, but still represents a 61.54 percent increase from last year.
August 10, 2023 | 11:01 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cogent Comms Hldgs reported a significant beat on Q2 earnings but missed on sales. The earnings beat could boost investor confidence, while the sales miss might raise concerns.
The significant beat on earnings is a positive signal that could boost investor confidence in CCOI. However, the miss on sales might raise concerns about the company's revenue generation capabilities, potentially offsetting the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100