Corporacion America Q3 EPS $0.29, Sales $469.50M Beat $419.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Corporacion America (NYSE:CAAP) reported Q3 earnings of $0.29 per share, missing the consensus estimate of $0.34 by 14.71%, and a decrease of 19.44% from last year's $0.36 per share. However, sales were $469.50M, surpassing the $419.28M estimate by 11.98%, and marking an 18.71% increase from the previous year.
November 15, 2023 | 9:39 pm
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Corporacion America's Q3 EPS of $0.29 missed estimates by 14.71% and decreased 19.44% YOY, but sales of $469.50M beat estimates by 11.98% and increased 18.71% YOY.
The mixed results with an earnings miss and a sales beat create uncertainty. The sales growth could be seen as a positive sign, potentially offsetting the negative impact of the earnings miss. However, the market may have expected better earnings performance, which could lead to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100