Consolidated Comms Hldgs Q3 EPS $(0.61) Down From $(0.13) YoY, Sales $283.65M Beat $274.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Comms Hldgs (NASDAQ:CNSL) reported Q3 losses of $(0.61) per share, a 369.23% decrease YoY. However, the company beat the analyst consensus estimate with quarterly sales of $283.65M, a 3.44% increase over the estimate but a 4.37% decrease YoY.
November 07, 2023 | 1:08 pm
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NEGATIVE IMPACT
Consolidated Comms Hldgs reported a significant YoY decrease in Q3 earnings but beat sales estimates.
The company reported a significant YoY decrease in earnings, which is likely to negatively impact the stock price. However, it beat sales estimates, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100