CI&T Q2 2024 Sales $108.60M Beat $99.4M Estimate
Portfolio Pulse from Benzinga Newsdesk
CI&T (NYSE:CINT) reported Q2 2024 earnings of $0.07 per share, missing the analyst estimate of $0.21 by 69.05%. The company also reported sales of $108.60 million, which missed the estimate of $543.74 million by 80.03% and represents a 5.99% decrease from the same period last year.
August 16, 2024 | 10:47 am
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CI&T reported Q2 2024 earnings of $0.07 per share, missing the analyst estimate of $0.21 by 69.05%. Sales were $108.60 million, missing the estimate of $543.74 million by 80.03% and down 5.99% YoY.
CI&T's significant miss on both earnings per share and sales compared to analyst estimates, along with a year-over-year decline in sales, is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100