Paltalk Q1 2024 GAAP EPS $(0.05) Misses $(0.02) Estimate, Sales $2.598M Miss $2.648M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paltalk reported Q1 2024 earnings with a GAAP EPS of $(0.05), missing estimates by 150%, and sales of $2.598M, missing estimates by 1.89%. Despite these misses, both earnings and sales showed improvement over the same period last year.

May 09, 2024 | 11:57 am
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NEGATIVE IMPACT
Paltalk missed Q1 2024 EPS and sales estimates but showed improvement from the previous year.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, despite the year-over-year improvements. The magnitude of the miss, especially the 150% miss on the EPS estimate, is likely to weigh heavily on investor perceptions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100