CompoSecure Q4 2023 Adj EPS $0.26 Beats $0.23 Estimate, Sales $99.90M Beat $96.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
CompoSecure (NASDAQ:CMPO) reported Q4 2023 adjusted EPS of $0.26, surpassing the $0.23 estimate, with sales of $99.90M exceeding the $96.49M forecast. This represents a 6.51% increase in sales compared to the same period last year.
March 06, 2024 | 9:07 pm
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CompoSecure reported a Q4 2023 adjusted EPS of $0.26, beating estimates, and sales of $99.90M, also above expectations. Year-over-year sales increased by 6.51%.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year sales growth further strengthens the company's financial position and outlook, likely contributing to positive market reactions.
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