Perion Network Q2 Adj EPS $0.84 Beats $0.71 Estimate, Sales $178.47M Beat $176.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perion Network (NASDAQ:PERI) reported Q2 earnings of $0.84 per share, beating the analyst consensus estimate of $0.71 by 18.31%. This is a 64.71% increase from the same period last year. The company also reported quarterly sales of $178.47 million, beating the analyst consensus estimate of $176.00 million by 1.40%. This is a 21.69% increase from the same period last year.
August 04, 2023 | 10:56 am
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POSITIVE IMPACT
Perion Network's Q2 earnings and sales exceeded estimates, indicating strong financial performance. This could potentially lead to a positive short-term impact on the stock.
Perion Network reported better than expected Q2 earnings and sales, which is typically a positive signal for investors and can lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100