Playtika Holding Q1 EPS $0.14 Misses $0.16 Estimate, Sales $651.20M Beat $641.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Playtika Holding (NASDAQ:PLTK) reported Q1 earnings of $0.14 per share, missing the consensus estimate of $0.16, a 39.13% decrease from last year. Sales were $651.20M, beating estimates by 1.50% but slightly down 0.76% from the previous year.
May 09, 2024 | 10:38 am
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Playtika Holding reported lower-than-expected Q1 EPS at $0.14, missing estimates by 12.5%, and a 39.13% decrease from last year. However, sales of $651.20M exceeded estimates, showing a slight growth.
The missed EPS estimate and year-over-year decrease in earnings could negatively impact investor sentiment in the short term. However, the beat on sales estimates and slight sales growth compared to last year could offset some of the negative impact. The mixed results lead to a neutral score, as the positive sales performance may balance out the negative earnings perception among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100