Performance Shipping Q4 2023 GAAP EPS $0.630 Misses $0.690 Estimate, Sales $23.800M Beat $23.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Performance Shipping (NASDAQ:PSHG) reported Q4 2023 earnings of $0.630 per share, missing the consensus estimate of $0.690. However, their sales of $23.800M exceeded the $23.200M estimate, marking a 14.29% decrease from the previous year.

March 07, 2024 | 2:29 pm
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Performance Shipping reported mixed Q4 2023 results with an EPS miss but a sales beat, alongside a year-over-year sales decrease.
The EPS miss may concern investors, potentially putting downward pressure on the stock. However, the sales beat could offset this by indicating operational resilience. The year-over-year sales decrease is notable but was expected. Overall, the mixed results lead to a neutral short-term impact expectation.
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