Cambridge Q4 Adj EPS $1.11 Beats $0.93 Estimate, Sales $38.59M Beat $38.38M Estimate
Portfolio Pulse from totan@benzinga.com
Cambridge (NASDAQ:CATC) reported Q4 adjusted EPS of $1.11, surpassing the $0.93 estimate, and sales of $38.59M, slightly above the $38.38M estimate. However, these figures represent a 42.19% decrease in earnings and a 24.26% decrease in sales from the same period last year.
January 30, 2024 | 12:01 pm
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NEUTRAL IMPACT
Cambridge's Q4 earnings and sales exceeded estimates, but showed a substantial decline from the previous year's figures.
While Cambridge's earnings and sales beat estimates, the significant year-over-year decline may concern investors about the company's growth trajectory. The mixed results could lead to a neutral short-term impact on the stock price as the market digests both the positive beat and the negative trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100