Peraso Q3 Adj EPS $(0.04) Beats $(0.10) Estimate, Sales $4.48M Beat $3.05M Estimate
Portfolio Pulse from mahesh@benzinga.com
Peraso (NASDAQ:PRSO) reported Q3 adjusted EPS of $(0.04), surpassing the $(0.10) estimate, and sales of $4.48M, exceeding the $3.05M estimate. This reflects a 60% improvement in EPS and a 36.04% increase in sales compared to the same period last year.
November 13, 2023 | 10:17 pm
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POSITIVE IMPACT
Peraso's Q3 earnings and sales exceeded analyst estimates, indicating a strong performance compared to the same period last year.
Peraso's better-than-expected earnings and sales figures are likely to instill investor confidence and could lead to a positive short-term impact on the stock price. Beating estimates by a significant margin typically results in a positive market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100