Cogent Communications Q3 2023 EPS $(1.20) Misses $(0.99) Estimate, Revenue $275.4M Misses $281.669M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cogent Communications reported Q3 2023 earnings per share (EPS) of $(1.20), missing the estimate of $(0.99). The company's revenue was $275.4M, also below the estimated $281.669M.
November 09, 2023 | 12:01 pm
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Cogent Communications' Q3 2023 earnings and revenue both fell short of estimates, which could negatively impact the company's stock in the short term.
Earnings reports are a significant factor in a company's stock performance. Cogent Communications' missed earnings and revenue estimates could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100