Recap: Plumas Q4 Earnings
Portfolio Pulse from Benzinga Insights
Plumas (NASDAQ:PLBC) reported Q4 earnings with an EPS of $1.27, beating estimates by 3.25% and increasing revenue by $477 thousand year-over-year. Despite beating last quarter's EPS estimates, the share price dropped by 3.07% the following day.
January 17, 2024 | 2:30 pm
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Plumas reported a positive earnings surprise with a 3.25% beat on EPS estimates and an increase in revenue, which could lead to a positive short-term impact on its stock price.
Positive earnings surprises typically lead to an increase in stock price as they reflect better-than-expected company performance. However, the stock experienced a drop after beating estimates last quarter, which may temper expectations.
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