Clearfield Reports Fiscal First Quarter 2020 Results
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Clearfield, Inc. (CLFD) Misses Q1 EPS by 1c, Revenues Miss; Reaffirms FY20 Revenue Outlook
January 23, 2020 4:02 PM ESTClearfield, Inc. (NASDAQ: CLFD) reported Q1 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $19.4 million versus the consensus estimate of $21.37 million.
Management CommentaryBookings for the first quarter of fiscal 2020 were consistent with our expectations for the period, said Clearfield CEO, Cheri Beranek. From a topline perspective, we saw strong contributions from our National Carrier and MSO markets, which were up 33% and 22% year-over-year, respectively. However, our overall revenue results in the first quarter were impacted by the timing of received orders, resulting in a $1.6 million increase... More
