Casa Systems: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Casa Systems (NASDAQ:CASA) reported its Q3 earnings results, missing estimated earnings by 2100.0% with an EPS of $-0.2 versus an estimate of $0.01. Revenue was down $4.81 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 13.06% drop in the share price the next day.
November 07, 2023 | 9:30 pm
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NEGATIVE IMPACT
Casa Systems reported a significant miss on its Q3 earnings, with an EPS of $-0.2 against an estimate of $0.01. This follows a trend from the previous quarter, where a miss on EPS led to a 13.06% drop in share price.
Casa Systems' significant miss on its Q3 earnings estimates, coupled with a similar miss in the previous quarter that led to a substantial drop in share price, suggests a negative short-term impact on the company's stock. Investors may react negatively to this news, leading to a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100