Climb Global Solutions Q3 EPS $0.52 Misses $0.66 Estimate, Sales $78.46M Miss $85.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Climb Global Solutions (NASDAQ:CLMB) reported Q3 earnings of $0.52 per share, missing the analyst consensus estimate of $0.66 by 21.21%. This is a decrease of 11.86% from the same period last year. The company also reported quarterly sales of $78.46 million, missing the analyst consensus estimate of $85.41 million by 8.14%. However, this is a 2.88% increase over sales from the same period last year.
November 01, 2023 | 9:19 pm
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NEGATIVE IMPACT
Climb Global Solutions reported lower than expected Q3 earnings and sales. This could negatively impact the company's stock in the short term.
Climb Global Solutions reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in investor confidence, potentially causing the company's stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100