CoreCard Q4 Adj EPS $0.06 Beats $0.01 Estimate, Sales $12.16M Miss $12.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
CoreCard (NYSE:CCRD) reported Q4 adjusted EPS of $0.06, surpassing the $0.01 estimate, but its sales of $12.16M fell short of the $12.60M estimate. This represents a 75% decrease in earnings and a 23.18% decrease in sales from the same period last year.
February 14, 2024 | 12:31 pm
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CoreCard reported a mixed Q4 with EPS beating estimates but sales missing expectations, alongside significant YOY decreases in both earnings and sales.
While the EPS beat might be seen positively, the miss on sales and significant year-over-year declines in both earnings and sales could concern investors. The mixed results present a neutral outlook, as the positive EPS surprise may be offset by the negative sales performance and overall declines.
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IMPORTANCE 90
RELEVANCE 100