Cogent Comms Hldgs Q2 2024 GAAP EPS $(0.68) Beats $(1.25) Estimate, Sales $260.400M Miss $264.445M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cogent Communications Holdings (NASDAQ: CCOI) reported a Q2 2024 GAAP EPS of $(0.68), beating the analyst estimate of $(1.25) by 45.6%. However, sales of $260.4 million missed the $264.445 million estimate by 1.53%, though they increased by 8.59% year-over-year.
August 08, 2024 | 11:12 am
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Cogent Communications Holdings reported a Q2 2024 GAAP EPS of $(0.68), beating the analyst estimate of $(1.25) by 45.6%. Sales of $260.4 million missed the $264.445 million estimate by 1.53%, but increased by 8.59% year-over-year.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The year-over-year sales growth of 8.59% also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100