CompoSecure falls on Q2 rev miss, lower profit

GPGI (Nevada)

15/08/2023 15:06

** Shares of CompoSecure Inc  CMPO.O  down 1.5% at $6.61
    ** Co posts Q2 rev of $98.5 mln, below analysts' est. of
$100.7 mln - Refinitiv 
    ** CMPO reports Q2 adj profit of 25 cents vs 29 cents per
share a year earlier
    ** Co reaffirms its 2023 outlook, with net sales expected to
be in the range of $400 mln-$425 mln
    ** J.P. Morgan cuts PT to $8 from $10
    ** CMPO shares up 26.1% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))