Clearfield Q4 EPS $0.17 Beats $0.10 Estimate, Sales $49.69M Beat $49.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clearfield (NASDAQ:CLFD) reported Q4 earnings of $0.17 per share, beating the analyst consensus estimate of $0.10 by 70%. However, this is a 86.07% decrease from the same period last year. The company also reported quarterly sales of $49.69 million, beating the estimate of $49.06 million by 1.27%, but this is a 47.72% decrease from the same period last year.
November 09, 2023 | 9:44 pm
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Clearfield's Q4 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year. This mixed result could lead to uncertainty in the market.
While Clearfield beat the estimates for both earnings and sales, the significant year-over-year decreases could be a cause for concern among investors. This could lead to uncertainty and volatility in the stock's price in the short term.
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