CPI Card Q1 2024 GAAP EPS $0.46 Beats $0.35 Estimate, Sales $111.936M Beat $103.633M Estimate
Portfolio Pulse from Benzinga Newsdesk
CPI Card (NASDAQ:PMTS) reported Q1 2024 earnings of $0.46 per share, surpassing the $0.35 estimate, with sales of $111.936M also beating the $103.633M estimate. However, this represents a decrease from the previous year's earnings and sales.
May 07, 2024 | 11:14 am
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CPI Card's Q1 2024 earnings and sales exceeded estimates, with EPS at $0.46 and sales at $111.936M, indicating strong performance despite a year-over-year decline.
Beating both earnings and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year decline in earnings and sales might temper some of the positive momentum, but the immediate reaction to earnings beats is generally positive.
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IMPORTANCE 90
RELEVANCE 100