Cambium Networks Q3 Adj EPS $(0.44) Misses $(0.09) Estimate, Sales $43.05M Beat $42.97M Estimate
Portfolio Pulse from bharat@benzinga.com
Cambium Networks reported Q3 losses of $(0.44) per share, missing the analyst consensus estimate of $(0.09) by 388.89%. This is a 210% decrease over earnings of $0.40 per share from the same period last year. However, the company's quarterly sales of $43.05 million beat the analyst consensus estimate of $42.97 million by 0.18%, despite being a 46.99% decrease over sales of $81.20 million the same period last year.
November 02, 2023 | 8:52 pm
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Cambium Networks' Q3 earnings per share missed estimates significantly, while sales slightly beat estimates. Both earnings and sales decreased significantly year over year.
Cambium Networks' Q3 earnings per share missed estimates by a large margin, which is likely to negatively impact investor sentiment and the stock price. While sales beat estimates, they also decreased significantly year over year, which could further dampen investor sentiment.
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