Recap: Clearfield Q1 Earnings
Portfolio Pulse from Benzinga Insights
Clearfield (NASDAQ:CLFD) reported Q1 earnings with an EPS of $-0.35, beating estimates by 18.6% but with a revenue decrease of $51.71 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a share price increase.
February 01, 2024 | 9:05 pm
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Clearfield reported a Q1 EPS of $-0.35, surpassing estimates by 18.6%, but saw a significant revenue drop from the previous year.
Clearfield's history of surpassing EPS estimates and the positive reaction in share price following last quarter's earnings beat suggest a potential short-term positive impact on its stock price. However, the significant drop in revenue could temper investor enthusiasm, making the overall outlook cautiously optimistic.
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