Perfect Q1 2024 Adj EPS $0.01 Misses $0.02 Estimate, Sales $14.289M Miss $14.331M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perfect (NYSE:PERF) reported Q1 2024 earnings of $0.01 per share, missing the consensus estimate of $0.02 by 50%. Quarterly sales were $14.289M, slightly below the estimate of $14.331M, marking a 17.65% increase from the previous year.
April 24, 2024 | 11:01 am
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Perfect reported Q1 2024 earnings of $0.01 per share, missing estimates by 50%, with sales of $14.289M slightly below expectations but up 17.65% YOY.
Missing both EPS and sales estimates, even by small margins, can negatively impact investor sentiment and stock price in the short term. The miss on earnings per share by 50% is particularly significant, indicating potential underlying issues that could concern investors. However, the year-over-year sales growth might offer some mitigating context.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100