PLBY Group Q4 2023 GAAP EPS $(0.05) Beats $(0.14) Estimate, Sales $39.364M Beat $32.275M Estimate
Portfolio Pulse from Benzinga Newsdesk
PLBY Group reported Q4 2023 earnings with a GAAP EPS of $(0.05), surpassing the $(0.14) estimate. Sales reached $39.364M, exceeding the $32.275M forecast but marking a 12.31% decrease from the previous year.
March 27, 2024 | 8:24 pm
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PLBY Group's Q4 2023 earnings outperformed expectations with a smaller loss per share and higher sales than anticipated, despite a year-over-year sales decline.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. However, the year-over-year sales decline might temper some of the positive impact.
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