CI&T Q2 Adj. EPS $0.09 Beats $0.08 Estimate, Sales $115.52M Miss $115.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
CI&T (NYSE:CINT) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.08 by 16.25%. However, the company's quarterly sales of $115.52 million missed the analyst consensus estimate of $115.59 million by 0.06%. This represents a 132.5% increase in earnings and a 7.96% increase in sales compared to the same period last year.
August 18, 2023 | 11:09 am
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NEUTRAL IMPACT
CI&T's Q2 earnings beat estimates, but sales slightly missed expectations. This mixed report may lead to neutral or slightly positive market reaction.
CI&T's earnings beat estimates, which is a positive signal for investors. However, the slight miss on sales could temper enthusiasm. The overall impact is likely to be neutral or slightly positive as the earnings beat may offset the sales miss.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100