Clearfield Expects Q3 Net Sales Of $40M-$44M (Est $37.575M) And EPS Of $(0.31)-$(0.38), Est $(0.26)
Portfolio Pulse from Benzinga Newsdesk
Clearfield expects Q3 net sales to be between $40M-$44M, surpassing the estimated $37.575M. However, the expected EPS is between $(0.31)-$(0.38), worse than the estimated $(0.26).
May 02, 2024 | 9:04 pm
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Clearfield's Q3 sales forecast exceeds expectations, but EPS is projected to be lower than estimated.
The positive impact of higher-than-expected sales might be offset by the negative impact of a lower EPS forecast. Investors might react positively to the sales figures, but concerns over profitability could limit stock price gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100