Perfect Moment Q3 EPS $0.08 Down From $0.24 YoY, Sales $12.73M Down From $16.15M YoY
Portfolio Pulse from Benzinga Newsdesk
Perfect Moment (NASDAQ:PMNT) reported a significant decrease in both earnings and sales for Q3, with EPS dropping to $0.08 from $0.24 YoY and sales falling to $12.73M from $16.15M YoY.
March 26, 2024 | 7:12 am
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NEGATIVE IMPACT
Perfect Moment reported a 66.67% decrease in EPS and a 21.18% decrease in sales for Q3 YoY.
The significant decrease in both earnings per share and sales year-over-year for Perfect Moment suggests a negative short-term impact on the stock price. Investors typically view declining financial performance as a bearish signal, potentially leading to a decrease in stock value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100