Tremor Intl Q3 Adj EPS $0.09 Beats $0.06 Estimate, Sales $80.10M Miss $80.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tremor Intl (NASDAQ:TRMR) reported Q3 adjusted EPS of $0.09, surpassing the $0.06 estimate, but with a year-over-year decrease of 18.18%. Sales reached $80.10M, slightly missing the $80.56M estimate, yet marking a 13.05% increase from the previous year.
November 22, 2023 | 11:32 am
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NEUTRAL IMPACT
Tremor Intl's Q3 adjusted EPS outperformed estimates, but showed a decline from last year. Sales grew compared to last year but fell short of expectations.
While the EPS beat may be viewed positively, the year-over-year decline could temper investor enthusiasm. The slight sales miss is not significant enough to cause major concern, but it indicates that revenue growth is not exceeding expectations. Overall, the mixed results are likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100