Cepton Q3 2023 Adj EPS $(0.58) Beats $(0.92) Estimate, Sales $3.83M Miss $5.12M Estimate
Portfolio Pulse from saritha@benzinga.com
Cepton (NASDAQ:CPTN) reported Q3 2023 earnings with losses of $(0.58) per share, beating the analyst consensus estimate of $(0.92) by 36.96%. However, the company's quarterly sales of $3.83 million missed the analyst consensus estimate of $5.12 million by 25.14%. Despite the miss, this represents a 112.47% increase over sales of $1.80 million from the same period last year.
November 09, 2023 | 9:21 pm
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NEUTRAL IMPACT
Cepton's Q3 2023 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Cepton's earnings beat estimates, which is positive for the stock. However, the sales miss could offset this positive impact. The net effect on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100