Cantaloupe Q3 2024 GAAP EPS $0.06 Beats $0.04 Estimate, Sales $67.897M Miss $69.818M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cantaloupe (NASDAQ:CTLP) reported Q3 2024 earnings of $0.06 per share, beating estimates by 50% but saw a 33.33% decrease from last year's earnings. Sales were $67.897M, missing estimates by 2.75% but marking a 12.49% increase from the previous year.
May 09, 2024 | 8:38 pm
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Cantaloupe's Q3 2024 earnings surpassed estimates with an EPS of $0.06, despite a year-over-year decrease. Sales grew 12.49% from last year but fell short of expectations.
Cantaloupe's earnings beat and year-over-year sales growth are positive indicators, likely leading to a short-term positive impact on its stock price. However, the miss on sales estimates and the decrease in earnings compared to last year might temper investor enthusiasm slightly.
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