Piper Sandler Q2 Adj EPS $1.13 Misses $1.15 Estimate, Sales $288.73M Beat $274.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler (NYSE:PIPR) reported Q2 earnings of $1.13 per share, missing the analyst consensus estimate of $1.15 by 1.74%. This is a 54.25% decrease from the same period last year. However, the company's quarterly sales of $288.73 million beat the analyst consensus estimate of $274.00 million by 5.37%, despite being an 18.02% decrease from the previous year.
July 28, 2023 | 12:01 pm
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Piper Sandler's Q2 earnings missed estimates, but sales beat expectations. This mixed result could lead to uncertainty in the market.
Piper Sandler's earnings miss could negatively impact the stock price, but the sales beat might offset this. The mixed results could lead to uncertainty among investors, potentially causing volatility in the stock price.
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