Casa Systems Q32023 Adj EPS $(0.20) Misses $0.01 Estimate, Sales $62.09M Miss $75.00M Estimate
Portfolio Pulse from totan@benzinga.com
Casa Systems reported Q3 2023 losses of $0.20 per share, missing the analyst consensus estimate of $0.01 by 2100 percent. This is a 31.03 percent increase over losses from the same period last year. The company also reported quarterly sales of $62.09 million, missing the analyst consensus estimate of $75.00 million by 17.21 percent, a 7.19 percent decrease over sales from the same period last year.

November 07, 2023 | 9:30 pm
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Casa Systems reported a larger than expected loss and lower than expected sales for Q3 2023.
Casa Systems reported a larger than expected loss and lower than expected sales for Q3 2023. This negative earnings surprise is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100