Perimeter Solutions Q3 2023 Gaap EPS $0.12 Misses $0.18 Estimate, Sales $142.66M Miss $150.23M Estimate
Portfolio Pulse from saritha@benzinga.com
Perimeter Solutions (NYSE:PRM) reported Q3 2023 earnings of $0.12 per share, missing the analyst consensus estimate of $0.18 by 33.33%. This is a 73.33% decrease from the same period last year. The company also reported quarterly sales of $142.66 million, missing the analyst consensus estimate of $150.23 million by 5.04%. This is a 11.12% decrease from the same period last year.
November 09, 2023 | 11:13 am
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NEGATIVE IMPACT
Perimeter Solutions' Q3 2023 earnings and sales missed estimates, with a significant decrease from the same period last year. This could negatively impact the company's stock price in the short term.
Perimeter Solutions reported lower than expected earnings and sales for Q3 2023, with a significant decrease from the same period last year. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100