Peraso: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Peraso (NASDAQ:PRSO) reported Q4 earnings with an EPS of $-8.52, missing estimates by -127.0% and a revenue decrease of $2.06 million year-over-year. This follows a pattern of mixed past earnings performance, with the company previously beating and missing EPS estimates.
March 18, 2024 | 8:40 pm
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Peraso reported a significant miss in Q4 earnings with an EPS of $-8.52, far below the estimate of $-3.76, and a year-over-year revenue decrease.
The significant miss in earnings and the decrease in revenue year-over-year are likely to negatively impact investor sentiment and the stock price in the short term. Historical performance shows that past earnings misses have led to drops in share price, suggesting a similar outcome may be expected following this report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100