CoreCard Q1 2024 Adj EPS $0.07 Beats $0.02 Estimate, Sales $13.076M Beat $12.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
CoreCard (NYSE:CCRD) reported Q1 2024 earnings of $0.07 per share, surpassing the $0.02 estimate, and sales of $13.076M, exceeding the $12.000M estimate. However, this represents a decrease from the previous year's earnings and sales.
May 02, 2024 | 11:48 am
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POSITIVE IMPACT
CoreCard reported higher-than-expected Q1 2024 earnings and sales, but both metrics show a decrease from the previous year.
The positive earnings and sales beat are likely to have a short-term positive impact on CCRD's stock price, as beating analyst estimates can lead to increased investor confidence. However, the year-over-year decline in both earnings and sales may temper some of the positive sentiment, indicating that while the company is performing better than expected, it's still facing challenges compared to the previous year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100