Clearfield: Q2 Earnings Insights - Clearfield (NASDAQ:CLFD)

Clearfield CLFD reported its Q2 earnings results on Thursday, May 4, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Clearfield beat estimated earnings by 3.08%, reporting an EPS of $0.67 versus an estimate of $0.65.

Revenue was up $18.31 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 12.3% drop in the share price the next day.

Here's a look at Clearfield's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.96	0.86	0.66	0.50
EPS Actual	1	1.22	0.92	0.66
Revenue Estimate	84.20M	71.42M	54.57M	44.10M
Revenue Actual	85.94M	95.03M	71.25M	53.49M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Clearfield management provided guidance for FY 2023, expecting earnings between $1.8 and $2.1 per share.

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.