Recap: Perimeter Solutions Q3 Earnings
Portfolio Pulse from Benzinga Insights
Perimeter Solutions (NYSE:PRM) reported Q3 earnings, missing estimated earnings by 33.33% with an EPS of $0.12 versus an estimate of $0.18. Revenue was down $17.84 million from the same period last year. Last quarter, the company beat EPS estimates but saw a 0.33% drop in share price the next day.
November 09, 2023 | 11:15 am
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NEGATIVE IMPACT
Perimeter Solutions' Q3 earnings miss and lower revenue could negatively impact its stock price in the short term.
Perimeter Solutions reported lower than expected earnings and a decrease in revenue compared to 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