Cellebrite DI Q3 Adj EPS $0.09 Beats $0.05 Estimate, Sales $84.18M Beat $82.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cellebrite DI (NASDAQ:CLBT) reported Q3 adjusted EPS of $0.09, surpassing the $0.05 estimate, marking an 80% beat and an 800% increase from $0.01 per share last year. Sales reached $84.18M, exceeding the $82.13M estimate by 2.49% and showing a 17.45% increase from $71.67M in the same period last year.
November 14, 2023 | 12:02 pm
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Cellebrite DI reported strong Q3 earnings with significant beats on both EPS and revenue estimates, indicating robust financial performance.
The substantial earnings and sales beat by Cellebrite DI suggests a positive outlook for the company's financial health, which is likely to be well-received by investors. The 800% increase in EPS and 17.45% increase in sales compared to the same period last year are strong indicators of growth, potentially leading to a positive short-term impact on the stock price.
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