Casa Systems (NASDAQ:CASA) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Casa Systems missed estimated earnings by 160.0%, reporting an EPS of $-0.26 versus an estimate of $-0.1.
Revenue was down $19.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 49.0% drop in the share price the next day.
Here’s a look at Casa Systems’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.07 | -0.24 | -0.06 | |
| EPS Actual | 0.05 | -0.29 | -0.15 | -0.35 |
| Revenue Estimate | 77.60M | 77.26M | 68.56M | 80.68M |
| Revenue Actual | 84.40M | 66.90M | 70.84M | 64.40M |
To track all earnings releases for Casa Systems visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
