Recap: Clearfield Q1 Earnings

Clearfield 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.

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