Perdoceo Education Q4 Adj EPS $0.27 Beats $0.23 Estimate, Sales $147.92M Beat $146.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perdoceo Education (NASDAQ:PRDO) reported Q4 adjusted EPS of $0.27, surpassing the $0.23 estimate, with sales of $147.92M also beating the $146.20M estimate. However, this represents a decrease from the previous year's earnings and sales.
February 21, 2024 | 9:20 pm
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Perdoceo Education reported higher-than-expected Q4 earnings and sales, but both metrics show a decrease from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-on-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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