CSG Systems Intl Q1 2024 Adj EPS $1.01 Beats $0.93 Estimate, Sales $295.135M Beat $284.168M Estimate
Portfolio Pulse from Benzinga Newsdesk
CSG Systems Intl (NASDAQ:CSGS) reported Q1 2024 adjusted EPS of $1.01, surpassing the $0.93 estimate, with sales of $295.135M also beating the $284.168M estimate. However, both earnings and sales saw a decrease compared to the same period last year.
May 01, 2024 | 8:11 pm
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CSG Systems Intl reported a Q1 2024 adjusted EPS of $1.01, beating estimates, with sales of $295.135M also exceeding expectations. Despite this, there was a slight decrease in both earnings and sales from the previous year.
The positive earnings and sales beat typically indicate a strong performance for the quarter, which could lead to a short-term positive impact on CSGS's stock price. However, the slight year-over-year decline in both metrics might temper investor enthusiasm, suggesting a cautious optimism.
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