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KORE Group Holdings, Inc. Reports Q2 Loss, Misses Revenue Estimates
KORE Group Holdings, Inc. (NYSE: KORE) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to loss of $1.20 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -45.59%. A quarter ago, it was expected that this company would post a loss of $0.40 per share when it actually produced a loss of $0.70, delivering a surprise of -75%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Cerberus Telecom Acquisition, which belongs to the Zacks Internet - Software industry, posted revenues of $67.87 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 7.50%. This compares to year-ago revenues of $69.54 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...