Paltalk Q4 EPS $(0.03) Up From $(0.05) YoY, Sales $2.692M Vs $2.795M Last Year
Portfolio Pulse from Benzinga Newsdesk
Paltalk (NASDAQ:PALT) reported a 40% improvement in its quarterly EPS, moving from a loss of $(0.05) per share last year to $(0.03) this year. However, its quarterly sales saw a slight decrease of 3.69%, from $2.79 million last year to $2.69 million.
March 15, 2024 | 11:37 am
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Paltalk reported a significant improvement in its quarterly EPS, reducing losses, but experienced a minor decline in sales.
The improvement in EPS indicates a positive direction in Paltalk's financial health, potentially attracting investors. However, the slight decrease in sales could raise concerns about revenue growth. The mixed results make the short-term impact on the stock price neutral, as investors may weigh the improved profitability against the sales decline.
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