Charles & Colvard Ltd reports results for the quarter ended in March - Earnings Summary

Charles & Colvard

05/05/2022 17:50

* Charles & Colvard Ltd  CTHR.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in March.
The lone analyst forecast for the quarter was for earnings of
one cent per share.
    * Revenue rose 3.3% to $9.75 million from a year ago; 
analysts
expected $10.20 million. 
    * Charles & Colvard Ltd's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 66.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Charles & Colvard Ltd shares had fallen by 10.2% this
quarter and lost 51.2% so far this year.
    * The company reported quarterly net income of $338.51
thousand.
    * Wall Street's median 12-month price target for Charles &
Colvard
Ltd is $3.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 04:50 p.m.  ​All
figures in US dollars unless otherwise stated