TriplePoint Venture Gwth Q1 2024 GAAP EPS $0.41 Misses $0.43 Estimate, Sales $29.273M Miss $31.254M Estimate
Portfolio Pulse from Benzinga Newsdesk
TriplePoint Venture Growth (TPVG) reported Q1 2024 GAAP EPS of $0.41, missing the $0.43 estimate, and sales of $29.273M, below the $31.254M estimate. This represents a 22.64% decrease in earnings and a 12.95% decrease in sales from the same period last year.
May 01, 2024 | 9:44 pm
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NEGATIVE IMPACT
TriplePoint Venture Growth's Q1 2024 earnings and sales missed estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with a notable year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term price decline for TPVG.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100