Sangoma Technologies Q3 2024 GAAP EPS $(0.04) Beats $(0.07) Estimate, Sales $61.046M Beat $60.992M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sangoma Technologies (NASDAQ:SANG) reported Q3 2024 earnings with a smaller loss per share of $(0.04) than the expected $(0.07), and sales of $61.046M, slightly above the estimate of $60.992M. Despite beating estimates, the company saw a 100% increase in losses per share and a 2.74% decrease in sales compared to the same period last year.
May 08, 2024 | 10:56 pm
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NEUTRAL IMPACT
Sangoma Technologies reported a smaller-than-expected loss and slightly higher sales for Q3 2024, but experienced increased losses and decreased sales year-over-year.
While Sangoma Technologies beat the EPS and sales estimates for Q3 2024, the increase in losses compared to the previous year and the slight decrease in sales might temper investor enthusiasm. The mixed results—beating estimates but with worse performance year-over-year—suggest a neutral short-term impact on the stock price, as positive reactions to beating estimates could be offset by concerns over increased losses and reduced sales.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100