CION Invt Q4 EPS $0.40 Misses $0.41 Estimate, Sales $60.00M Beat $58.33M Estimate
Portfolio Pulse from Happy Mohamed
CION Investment Corporation (CION) reported Q4 earnings of $0.40 per share, missing the consensus estimate of $0.41 by 2.44%. Year-over-year, earnings decreased by 6.98% from $0.43 per share. Quarterly sales were $60.00 million, exceeding estimates of $58.33 million by 2.86% and marking an 8.11% increase from the previous year's $55.50 million.
March 14, 2024 | 12:15 pm
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CION Investment Corporation reported a slight miss in Q4 EPS at $0.40 vs. the $0.41 estimate but surpassed revenue expectations with $60M against a $58.33M forecast.
The slight miss in EPS might concern some investors, potentially putting downward pressure on the stock. However, the beat on revenue estimates and year-over-year growth could counterbalance this effect, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100