CPI Card Q2 2024 GAAP EPS $0.51 Misses $0.58 Estimate, Sales $118.818M Beat $111.633M Estimate
Portfolio Pulse from Benzinga Newsdesk
CPI Card (NASDAQ:PMTS) reported Q2 2024 GAAP EPS of $0.51, missing the $0.58 estimate, but sales of $118.818M beat the $111.633M estimate. Sales increased by 3.36% year-over-year.
August 05, 2024 | 8:24 pm
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CPI Card reported Q2 2024 GAAP EPS of $0.51, missing the $0.58 estimate, but sales of $118.818M beat the $111.633M estimate. Sales increased by 3.36% year-over-year.
The mixed earnings report, with EPS missing but sales beating estimates, suggests a neutral short-term impact. The sales growth is a positive sign, but the EPS miss may cause some investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100