CareCloud Q4 Adjusted EPS $0.05 May Not Be Comparable To $(0.34) Estimate, Sales $28.42M Miss $30.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
CareCloud (NASDAQ:CCLD) reported Q4 earnings of $0.05 per share, surpassing the $(0.34) estimate, but saw a decrease in earnings and sales from the previous year. Sales of $28.42M missed the $30.88M estimate.
March 21, 2024 | 11:07 am
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CareCloud reported Q4 earnings of $0.05 per share, beating estimates but with a decrease in earnings and sales from last year. Sales missed estimates.
While CareCloud's EPS beat estimates, the decrease in earnings and sales from the previous year, combined with missing sales estimates, presents a mixed picture. This could lead to neutral market reaction in the short term as investors weigh the positive EPS surprise against the negative sales performance.
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