Castellum Q2 Sales $12.48M Beat $12.20M Estimate, Adj Recurring Cash Operating Profit $0.086M
Portfolio Pulse from Benzinga Newsdesk
Castellum (AMEX:CTM) reported Q2 sales of $12.48 million, beating the analyst consensus estimate of $12.20 million by 2.26 percent. The company's adjusted recurring cash operating profit was $0.086M.
August 14, 2023 | 10:53 am
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Castellum's Q2 sales exceeded analyst estimates by 2.26%, which could positively impact the company's stock.
Companies that report earnings higher than analyst estimates typically see a positive reaction in their stock price as it indicates better-than-expected performance. Castellum's Q2 sales beat estimates by 2.26%, which could lead to increased investor confidence and a potential rise in the stock price.
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