Recap: Clearfield Q1 Earnings - Clearfield (NASDAQ:CLFD)

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.

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.

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.