PLBY Group: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
PLBY Group reported its Q3 earnings, missing estimated earnings by 69.23% with an EPS of $-0.22 versus an estimate of $-0.13. Revenue was down $30.34 million from the same period last year. Last quarter, the company beat on EPS by $0.06, which was followed by a 5.72% drop in the share price the next day.
November 09, 2023 | 9:21 pm
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PLBY Group's Q3 earnings missed estimates significantly, which could negatively impact investor sentiment and the stock price in the short term.
PLBY Group's earnings miss is a negative signal to investors, as it indicates the company's performance is not meeting expectations. This could lead to a decrease in the stock price in the short term, as investors may lose confidence in the company's ability to generate profits.
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