Priority Tech Holdings Q3 2023 Gaap EPS $(0.16) Misses $(0.14) Estimate, Sales $189.01M Miss $191.71M Estimate
Portfolio Pulse from saritha@benzinga.com
Priority Tech Holdings (NASDAQ:PRTH) reported Q3 2023 losses of $(0.16) per share, missing the analyst consensus estimate of $(0.14) by 14.29%. This is a 23.08% decrease from the same period last year. The company also reported quarterly sales of $189.01 million, missing the analyst consensus estimate of $191.71 million by 1.41%. However, this is a 13.58% increase from the same period last year.
November 09, 2023 | 12:31 pm
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Priority Tech Holdings reported Q3 2023 losses greater than expected and also missed sales estimates. However, sales have increased compared to the same period last year.
Priority Tech Holdings reported a greater loss per share than expected, which is generally seen as negative by the market. The company also missed sales estimates, which could further negatively impact the stock. However, the YoY increase in sales might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100