Clearfield: Fiscal Q1 Earnings Snapshot
Clearfield: Fiscal Q1 Earnings Snapshot
By AP News
Published - Feb 02, 2023, 04:27 PM ET
Last Updated - Jun 22, 2023, 11:30 PM EDT
BROOKLYN PARK, Minn. (AP) _ Clearfield Inc. (CLFD) on Thursday reported fiscal first-quarter net income of $14.3 million.
On a per-share basis, the Brooklyn Park, Minnesota-based company said it had profit of $1.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The maker of fiber optic management products posted revenue of $85.9 million in the period.
Clearfield expects full-year earnings to be $4.30 to $4.50 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CLFD">Zacks stock report on CLFD at https://www.zacks.com/ap/CLFD
