Advantage Solutions Q4 EPS $0.05 Misses $0.13 Estimate, Sales $1.08B Miss $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advantage Solutions (NASDAQ:ADV) reported Q4 earnings of $0.05 per share, missing the $0.13 estimate, and sales of $1.08B, missing the $1.13B estimate. This represents a 70.59% decrease in earnings and a 2.09% decrease in sales from the same period last year.
February 29, 2024 | 12:13 pm
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Advantage Solutions reported a significant miss in both Q4 earnings and sales, with a 70.59% decrease in earnings per share and a 2.09% decrease in sales from the previous year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with the year-over-year decrease in these metrics, is likely to negatively impact investor sentiment and the stock price of Advantage Solutions in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100