Portman Ridge Finance Q3 2023 Gaap EPS $0.75 Misses $0.78 Estimate, Sales $18.57M Miss $18.98M Estimate
Portfolio Pulse from saritha@benzinga.com
Portman Ridge Finance (NASDAQ:PTMN) reported Q3 2023 earnings of $0.75 per share, missing the analyst consensus estimate of $0.78 by 3.85%. This is a 13.79% decrease from the same period last year. The company also reported quarterly sales of $18.57 million, missing the analyst consensus estimate of $18.98 million by 2.14%. This is a 2.29% decrease from the same period last year.
November 08, 2023 | 10:24 pm
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Portman Ridge Finance's Q3 2023 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Portman Ridge Finance reported lower than expected earnings and sales for Q3 2023. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100