Cambridge Q1 2024 Adj EPS $1.02 Beats $1.01 Estimate, Sales $37.638M Miss $38.055M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cambridge (NASDAQ:CATC) reported Q1 2024 adjusted EPS of $1.02, surpassing the $1.01 estimate, but its sales of $37.638M fell short of the $38.055M forecast. This represents a 37.04% decrease in earnings and a 16.29% drop in sales from the same period last year.
April 23, 2024 | 11:14 am
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Cambridge's Q1 2024 earnings surpassed estimates with an EPS of $1.02, but sales missed expectations, indicating mixed financial health.
While Cambridge's EPS beat may positively impact investor sentiment, the miss on sales forecasts and significant year-over-year declines in both earnings and sales could temper any potential stock price gains. The mixed results present a nuanced picture, suggesting a neutral short-term impact on the stock price as investors weigh the positives against the negatives.
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