Peraso Q1 2024 Adj EPS $(0.83) Beats $(1.32) Estimate, Sales $2.816M Beat $2.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peraso reported Q1 2024 adjusted EPS of $(0.83), surpassing the $(1.32) estimate, and sales of $2.816M, exceeding the $2.650M forecast. This marks a significant improvement in losses and a slight sales beat compared to last year.

May 13, 2024 | 8:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Peraso's Q1 2024 earnings and sales beat estimates, indicating a significant reduction in losses and a slight increase in sales compared to forecasts.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. The significant improvement in losses and the sales beat compared to analyst expectations are likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100