Kaltura Q1 2024 Adj EPS $(0.03) Misses $(0.02) Estimate, Sales $44.781M Beat $43.040M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaltura (NASDAQ:KLTR) reported Q1 2024 earnings with an adjusted EPS of $(0.03), missing the $(0.02) estimate, while sales of $44.781M exceeded the $43.040M estimate. This represents a 3.48% increase in sales compared to the same period last year, though the EPS remained unchanged.
May 08, 2024 | 11:12 am
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NEUTRAL IMPACT
Kaltura's Q1 2024 earnings report showed a miss on EPS estimates but exceeded sales forecasts, with a slight year-over-year sales increase.
Kaltura's miss on EPS estimates could negatively impact investor sentiment in the short term, but the beat on sales estimates and year-over-year sales growth may offset this by demonstrating the company's ability to grow revenue. The unchanged EPS from the previous year suggests stability, but the miss may raise concerns about profitability improvements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100