Cemtrex Q1 Sales $16.90M Beat $15.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemtrex (NASDAQ:CETX) reported Q1 sales of $16.90M, surpassing the analyst consensus estimate of $15.79M by 7.02%, and marking a 41.19% increase from $11.97M in the same period last year.
February 12, 2024 | 9:29 pm
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Cemtrex reported a significant 41.19% increase in Q1 sales year-over-year, beating analyst estimates.
Cemtrex's Q1 sales performance significantly exceeded analyst expectations and showed substantial growth compared to the same period last year. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in CETX's stock price.
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