CareCloud Q3 EPS $0.01 Beats $(0.33) Estimate, Sales $29.30M Miss $30.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
CareCloud (NASDAQ:CCLD) reported Q3 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.33) by 103.03%. However, the company's quarterly sales of $29.30 million missed the analyst consensus estimate of $30.42 million by 3.68%. This represents a 95.24% decrease in earnings and a 13.12% decrease in sales compared to the same period last year.
November 02, 2023 | 11:12 am
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CareCloud's Q3 earnings beat estimates but sales missed, leading to a mixed impact on the stock. The significant YoY decrease in earnings and sales could negatively affect investor sentiment.
While CareCloud beat earnings estimates, the miss on sales and the significant YoY decrease in both earnings and sales could lead to negative investor sentiment and potential downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100