Cantaloupe Q2 2024 GAAP EPS $0.04 Beats $0.02 Estimate, Sales $65.36M Miss $66.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cantaloupe (NASDAQ:CTLP) reported Q2 2024 earnings of $0.04 per share, beating estimates of $0.02, a 500% increase from last year. However, sales of $65.36M missed estimates by 2.39%, though they were up 6.57% from the previous year.

February 08, 2024 | 9:26 pm
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POSITIVE IMPACT
Cantaloupe's Q2 2024 earnings surpassed estimates with a significant increase from the previous year, though sales slightly missed expectations.
Cantaloupe's earnings per share (EPS) significantly exceeded analyst expectations, which typically leads to a positive short-term impact on the stock price. The substantial year-over-year growth in earnings and the slight miss in sales expectations suggest a strong operational performance but with a minor caveat on revenue growth. The positive earnings surprise is likely to outweigh the slight miss in sales in investors' eyes, leading to a positive outlook on the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100