Creative Realities Q1 2024 GAAP EPS $(0.01) Beats $(0.09) Estimate, Sales $12.285M Miss $12.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Creative Realities (CREX) reported Q1 2024 GAAP EPS of $(0.01), surpassing the $(0.09) estimate, but its sales of $12.285M slightly missed the $12.300M forecast. This represents a 23.54% increase in sales compared to the same period last year.
May 10, 2024 | 12:02 pm
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Creative Realities reported a smaller-than-expected Q1 2024 loss per share but slightly missed sales estimates, showing significant sales growth year-over-year.
Beating EPS estimates typically has a positive impact on stock prices as it indicates better-than-expected profitability. The slight miss on sales forecasts is overshadowed by the substantial year-over-year sales growth, suggesting overall positive momentum for CREX. Investors may view the earnings beat as a sign of operational efficiency and resilience, potentially leading to increased investor confidence and a positive short-term price movement.
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