Clarus Q1 Sales $69.311M Beat $64.333M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clarus Corporation (NASDAQ:CLAR) reported Q1 sales of $69.311M, surpassing the analyst consensus estimate of $64.333M by 7.74%, but marking a 1.38% decrease from the previous year's sales of $70.278M.
May 02, 2024 | 9:29 pm
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Clarus Corporation reported higher than expected Q1 sales, beating estimates but with a slight year-over-year decrease.
Beating sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the slight year-over-year decrease might temper some of the positive momentum.
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