Coda Octopus Group Q1 2024 GAAP EPS $0.06 Beats $0.01 Estimate, Sales $4.461M Beat $3.990M Estimate
Portfolio Pulse from Benzinga Newsdesk
Coda Octopus Group (CODA) reported Q1 2024 earnings of $0.06 per share, surpassing the $0.01 estimate, with sales of $4.461M beating the $3.990M estimate but marking a 20.28% decrease from the previous year.
March 18, 2024 | 10:17 am
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Coda Octopus Group reported a significant beat on both earnings per share and sales estimates for Q1 2024, despite a year-over-year sales decrease.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. However, the year-over-year decrease in sales might temper some of the positive impact.
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