Clearfield (NASDAQ:CLFD) reported its Q1 earnings results on Thursday, February 1, 2024 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Clearfield beat estimated earnings by 18.6%, reporting an EPS of $-0.35 versus an estimate of $-0.43.
Revenue was down $51.71 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 1.66% increase in the share price the next day.
Here’s a look at Clearfield’s past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.10 | 0.09 | 0.65 | 0.96 |
| EPS Actual | 0.17 | 0.33 | 0.67 | 1 |
| Revenue Estimate | 49.06M | 53.72M | 71.98M | 84.20M |
| Revenue Actual | 49.69M | 61.28M | 71.81M | 85.94M |
To track all earnings releases for Clearfield visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
