CPI Card Q3 EPS $0.33 Misses $0.49 Estimate, Sales $105.86M Miss $113.85M Estimate
Portfolio Pulse from mahesh@benzinga.com
CPI Card (NASDAQ:PMTS) reported Q3 earnings of $0.33 per share, missing the analyst consensus estimate of $0.49 by 32.65%. This is a 67.33% decrease from the same period last year. The company also reported quarterly sales of $105.86 million, missing the analyst consensus estimate of $113.85 million by 7.02%. This is a 15.02% decrease from the same period last year.
November 07, 2023 | 12:06 pm
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CPI Card's Q3 earnings and sales missed estimates, marking a significant decrease from the same period last year.
CPI Card's earnings and sales for Q3 significantly missed analyst estimates, and also marked a substantial decrease from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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