PLAYSTUDIOS Q3 2023 EPS $0.03 Beats $(0.03) Estimate, Sales $75.86M Miss $77.51M Estimate
Portfolio Pulse from vinayak@benzinga.com
PLAYSTUDIOS (NASDAQ:MYPS) reported Q3 2023 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.03) by 200 percent. This is a 50 percent increase from the same period last year. However, the company's quarterly sales of $75.86 million missed the analyst consensus estimate of $77.51 million by 2.13 percent, though it's a 5.17 percent increase from last year.
November 02, 2023 | 8:45 pm
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PLAYSTUDIOS reported better than expected earnings but missed sales estimates for Q3 2023. Earnings per share increased by 50% YoY, while sales increased by 5.17% YoY.
PLAYSTUDIOS reported a significant beat on earnings, which is positive for the stock. However, the company missed on sales, which is a negative factor. These two factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100