Cemtrex Q3 EPS $(0.29) Misses $(0.07) Estimate, Sales $14.69M Miss $16.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemtrex (NASDAQ:CETX) reported Q3 losses of $(0.29) per share, missing the analyst estimate of $(0.07) by 314.29%. Sales were $14.69M, missing the $16.39M estimate by 10.40%. Losses increased by 76.42% from the same period last year, while sales decreased by 0.30%.
August 14, 2024 | 8:45 pm
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Cemtrex reported Q3 losses of $(0.29) per share, significantly missing the analyst estimate of $(0.07). Sales also missed expectations, coming in at $14.69M versus the $16.39M estimate. The company's losses increased by 76.42% year-over-year, while sales slightly decreased by 0.30%.
The significant miss on both EPS and sales estimates, along with the substantial year-over-year increase in losses, is likely to negatively impact Cemtrex's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100