Portman Ridge Finance Q4 2023 GAAP EPS $1.19 Beats $0.79 Estimate, Sales $17.800M Miss $19.043M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portman Ridge Finance (PTMN) reported Q4 2023 earnings of $1.19 per share, surpassing the $0.79 estimate by 50.63%. However, their sales of $17.800M fell short of the $19.043M estimate by 6.53%, marking a 4.30% decrease from the previous year.
March 13, 2024 | 8:38 pm
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Portman Ridge Finance's Q4 2023 earnings exceeded expectations with an EPS of $1.19, but sales missed estimates at $17.800M, a 4.30% YOY decrease.
While the EPS beat is positive, the miss on sales and the year-over-year decrease could concern investors about growth prospects. The mixed results may lead to neutral short-term price movement as the market digests both the positive earnings surprise and the negative sales performance.
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