CareCloud Q2 2024 Adj EPS $0.18 Beats $(0.03) Estimate, Sales $28.09M Miss $28.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
CareCloud (NASDAQ:CCLD) reported Q2 2024 earnings of $0.18 per share, significantly beating the analyst estimate of $(0.03). However, sales of $28.09 million slightly missed the $28.10 million estimate and were down 4.33% year-over-year.
August 13, 2024 | 11:02 am
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CareCloud reported Q2 2024 earnings of $0.18 per share, beating the $(0.03) estimate by a wide margin. However, sales of $28.09 million slightly missed the $28.10 million estimate and were down 4.33% 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 and the year-over-year decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100