Clearfield Q3 2024 GAAP EPS $(0.04) Beats $(0.34) Estimate, Sales $48.793M Beat $42.125M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clearfield (NASDAQ:CLFD) reported Q3 2024 GAAP EPS of $(0.04), beating the $(0.34) estimate. Sales were $48.793M, surpassing the $42.125M estimate. Despite beating estimates, both EPS and sales decreased significantly compared to the same period last year.
August 01, 2024 | 8:29 pm
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Clearfield reported Q3 2024 GAAP EPS of $(0.04), beating the $(0.34) estimate. Sales were $48.793M, surpassing the $42.125M estimate. Despite beating estimates, both EPS and sales decreased significantly compared to the same period last year.
Clearfield's Q3 2024 earnings and sales both beat analyst estimates, which is a positive short-term indicator for the stock. However, the significant year-over-year decreases in both EPS and sales may temper investor enthusiasm.
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IMPORTANCE 80
RELEVANCE 100