Computer Task Gr Q3 Adj EPS $0.11, Inline, Sales $71.29M Miss $72.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Computer Task Gr (NASDAQ:CTG) reported Q3 earnings of $0.11 per share, in line with analyst consensus. However, the company's quarterly sales of $71.29 million missed the analyst consensus estimate of $72.76 million by 2.02 percent, marking a 4.95 percent decrease from the same period last year.
November 08, 2023 | 12:01 pm
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Computer Task Gr's Q3 earnings met expectations, but sales fell short of analyst estimates, which could negatively impact the stock in the short term.
Computer Task Gr's earnings were in line with expectations, which is generally positive for the stock. However, the company's sales missed analyst estimates by 2.02%, which is a negative signal that could lead to a decrease in the stock price. The fact that sales also decreased by 4.95% compared to the same period last year further supports this potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100