Ci T Inc (CINT)

Shares of Ci T Inc (CINT) dropped by 5.10% from $5.49 to $5.21 in the trading on Friday, Novemeber 17, 2023. The reason why CINT is down today is due to mixed quarterly results.

• Earnings Miss: Ci T Inc reported quarterly earnings of $0.06 per share, falling short of the Zacks Consensus Estimate of $0.07 per share. This marks a decline from earnings of $0.10 per share in the same period the previous year. The reported earnings resulted in an earnings surprise of -14.29%. In the previous quarter, the company outperformed expectations, posting earnings of $0.09 per share, exceeding the estimated $0.08 per share by 12.50%.
• Revenue Beat: Despite the earnings miss, Ci T Inc posted quarterly revenues of $108.42 million, surpassing the Zacks Consensus Estimate by 1.26%. This revenue figure compares favorably to the $106.72 million in revenues reported in the same quarter last year. Notably, the company has exceeded consensus revenue estimates in three of the last four quarters. The stock price decline can be attributed to the market's response to the earnings miss, despite the revenue beat, as investors may be concerned about the company's profitability and future outlook.

Shares of Ci T Inc (CINT) dropped by 5.10% from $5.49 to $5.21 in the trading on Friday, Novemeber 17, 2023. The reason why CINT is down today is due to mixed quarterly results.

• Earnings Miss: Ci T Inc reported quarterly earnings of $0.06 per share, falling short of the Zacks Consensus Estimate of $0.07 per share. This marks a decline from earnings of $0.10 per share in the same period the previous year. The reported earnings resulted in an earnings surprise of -14.29%. In the previous quarter, the company outperformed expectations, posting earnings of $0.09 per share, exceeding the estimated $0.08 per share by 12.50%.
• Revenue Beat: Despite the earnings miss, Ci T Inc posted quarterly revenues of $108.42 million, surpassing the Zacks Consensus Estimate by 1.26%. This revenue figure compares favorably to the $106.72 million in revenues reported in the same quarter last year. Notably, the company has exceeded consensus revenue estimates in three of the last four quarters. The stock price decline can be attributed to the market's response to the earnings miss, despite the revenue beat, as investors may be concerned about the company's profitability and future outlook.