Carecloud Inc (CCLD)

Shares of CareCloud Inc (CCLD) dropped by 11.42% from $3.24 to $2.87 in the trading on Thursday, August 3, 2023. The reason why CCLD is down today is due to the company's disappointing quarterly earnings report.

• Weak earnings: The report revealed a loss of $0.37 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.28 per share. This earnings miss of -32.14% marked the second time in the last four quarters that the company fell short of consensus EPS estimates.
• Lower-than-expected revenue: CareCloud's quarterly revenues of $29.36 million missed the Zacks Consensus Estimate by 8.34%, reflecting a decline from the previous year's revenues of $37.23 million.