Quantum Q1 Adj $(0.09), Inline, Sales $71.34M Miss $72.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quantum (NASDAQ:QMCO) reported Q1 losses of $(0.09) per share, meeting analyst estimates but reflecting an 80% increase in losses from the same period last year. Sales were $71.34 million, missing the $72.00 million estimate and showing a 22.87% decrease from last year.
August 13, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Quantum reported Q1 losses of $(0.09) per share, meeting analyst estimates but reflecting an 80% increase in losses from the same period last year. Sales were $71.34 million, missing the $72.00 million estimate and showing a 22.87% decrease from last year.
Quantum's Q1 earnings met expectations, but the significant year-over-year increase in losses and the miss on sales estimates are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100