Patria Investments Q2 Adj EPS $0.30 Misses $0.31 Estimate, Sales $61.60M Miss $69.22M Estimate
Portfolio Pulse from totan@benzinga.com
Patria Investments (NASDAQ:PAX) reported Q2 earnings of $0.30 per share, missing the analyst consensus estimate of $0.31 by 3.23%. The company also reported quarterly sales of $61.60 million, missing the analyst consensus estimate of $69.22 million by 11.01%. However, both earnings and sales increased compared to the same period last year.
August 04, 2023 | 12:44 pm
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NEGATIVE IMPACT
Patria Investments' Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Investors often react negatively to earnings and sales misses, which could lead to a short-term decline in Patria Investments' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100