Sangoma Technologies Corporation (SANG) Reports Q1 Loss, Lags Revenue Estimates
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Sangoma Technologies Corporation (SANG) reported a Q1 loss of $0.06 per share, missing the Zacks Consensus Estimate of a $0.05 loss. This is a slight improvement from the $0.07 loss per share a year ago.
November 07, 2024 | 1:45 am
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Sangoma Technologies reported a Q1 loss of $0.06 per share, which is worse than the expected $0.05 loss. This could negatively impact the stock price in the short term.
The company's reported loss per share was worse than the consensus estimate, which typically leads to a negative reaction in the stock market. Although the loss is slightly better than last year's, missing estimates can still result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100