Stock Track | Cimpress Shares Plummet on Disappointing Q2 Results

Stock Track2024-10-31

Cimpress NV (CMPR) shares plunged over 12% in pre-market trading on Wednesday after the company reported disappointing second-quarter earnings results that fell short of analysts' expectations.

For the quarter ended September 30, 2024, the commercial printing services company reported an adjusted loss of $0.50 per share, missing the consensus estimate of $0.29 earnings per share. The company also posted a quarterly net loss of $12.55 million, compared to a profit in the same period last year.

While Cimpress' revenue rose 6.3% year-over-year to $804.97 million, beating expectations of $798.93 million, it was not enough to offset the disappointing bottom-line performance. Analysts cited concerns about the company's profitability and rising costs, which weighed on the stock.

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