Peraso Q3 EPS $(0.04) Beats $(0.10) Estimate, Sales $4.48M Beat $3.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peraso Technologies Inc. (PRSO) reported Q3 earnings per share (EPS) of $(0.04), surpassing the $(0.10) estimate, and sales of $4.48M, exceeding the $3.05M estimate. These figures represent a 60% improvement in EPS and a 46.92% beat in sales compared to analyst expectations, as well as a 36.04% increase in sales year-over-year.
November 13, 2023 | 10:15 pm
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POSITIVE IMPACT
Peraso's Q3 earnings outperformed estimates with a smaller loss per share and higher sales than expected, indicating a positive trend in the company's financial performance.
Beating both EPS and sales estimates typically generates positive investor sentiment, which can lead to a short-term increase in stock price. The significant improvement in year-over-year sales further strengthens the case for a potential uptick in PRSO's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100