Cambridge Q3 Adj. EPS $1.15 Beats $1.06 Estimate, Sales $39.20M Beat $38.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cambridge (NASDAQ:CATC) reported Q3 adjusted earnings of $1.15 per share, beating the analyst consensus estimate of $1.06 by 8.49%. However, this is a 44.98% decrease from the same period last year. The company also reported quarterly sales of $39.20 million, beating the estimate of $38.45 million by 1.94%, but marking a 16.11% decrease from last year.
October 17, 2023 | 11:05 am
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Cambridge's Q3 earnings and sales beat estimates, but both figures are significantly lower than last year. This mixed result could lead to uncertain market reactions.
While Cambridge beat estimates for both earnings and sales, the significant decreases from last year's figures could be a cause for concern among investors. This could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock price.
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