Q: hello 5i:
CPX reported this morning and the results looked very good:
EPS of $1.28 beats by $0.70
| Revenue of $1.08B (26.38% Y/Y) beats by $83.60M
do you agree, and did the conference call add anything that might explain the drop in share price?
thanks
Paul L
CPX reported this morning and the results looked very good:
EPS of $1.28 beats by $0.70
| Revenue of $1.08B (26.38% Y/Y) beats by $83.60M
do you agree, and did the conference call add anything that might explain the drop in share price?
thanks
Paul L
5i Research Answer:
EBITDA of $414 mln on the quarter, ahead of estimates at $407.9 mln. Revenue of $1.08 bln beat estimates of $1.02 bln. The company added 2.2 gigawatts of capacity in the US and signed an MOU for a data center in Alberta. Guidance for the year was maintained and there weren't really any surprises in the quarter which is good. Overall this looked like a good quarter. Shares were 1.8% on the day, a move we would view as fairly benign around an earnings report that was largely 'in-line'.