Premier Q4 EPS $0.68 Beats $0.66 Estimate, Sales $340.36M Miss $356.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Premier (NASDAQ:PINC) reported Q4 earnings of $0.68 per share, beating the analyst consensus estimate of $0.66 by 3.03%. This is an 11.48% increase from the same period last year. However, the company's quarterly sales of $340.36 million missed the analyst consensus estimate of $356.32 million by 4.48%, marking a 0.10% decrease from the same period last year.
August 22, 2023 | 10:31 am
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Premier's Q4 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty in the market.
Premier's earnings beat estimates, which is a positive signal for investors. However, the sales miss could indicate potential issues in the company's revenue generation, leading to uncertainty about the company's future performance. This mixed performance could lead to neutral or mixed market reaction in the short term.
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