Caledonia Mining Corp Reported FY23 Revenue of $146.3M Vs $148.5M Est, Adj EPS of $0.17 Vs $0.27 Est
Portfolio Pulse from Benzinga Newsdesk
Caledonia Mining Corp reported its FY23 revenue at $146.3M, falling short of the estimated $148.5M. The adjusted EPS was $0.17, also below the expected $0.27.

March 28, 2024 | 7:07 am
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Caledonia Mining Corp reported lower-than-expected FY23 revenue and adjusted EPS, missing both top and bottom line estimates.
Missing both revenue and EPS estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. Given the direct impact of these financial metrics on investor perceptions of a company's performance, it's likely that CMCL's stock will face downward pressure.
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