Climb Global Solutions Q1 2024 GAAP EPS $0.60 Misses $0.75 Estimate, Sales $92.422M Miss $105.442M Estimate
Portfolio Pulse from Benzinga Newsdesk
Climb Global Solutions (NASDAQ:CLMB) reported Q1 2024 earnings of $0.60 per share, missing the $0.75 estimate, and sales of $92.422M, below the $105.442M estimate. This represents a decrease in earnings and an increase in sales compared to the same period last year.
May 01, 2024 | 9:11 pm
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NEGATIVE IMPACT
Climb Global Solutions reported lower-than-expected Q1 2024 earnings and sales, with a significant miss on both fronts compared to analyst estimates.
Missing both earnings and sales estimates significantly, especially with a 20% miss on the earnings per share estimate, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. The year-over-year decrease in earnings per share further compounds the negative outlook, despite a slight increase in sales compared to last year.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100