Perimeter Solutions Q2 2024 GAAP EPS $0.14 Down From $0.31 YoY, Sales $127.276M Beat $87.520M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perimeter Solutions (NYSE:PRM) reported Q2 2024 GAAP EPS of $0.14, a 54.84% decrease from $0.31 YoY. However, sales were $127.276M, beating the $87.520M estimate and showing a 67.17% increase YoY.
August 01, 2024 | 10:18 am
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Perimeter Solutions (NYSE:PRM) reported Q2 2024 GAAP EPS of $0.14, a 54.84% decrease from $0.31 YoY. However, sales were $127.276M, beating the $87.520M estimate and showing a 67.17% increase YoY.
While the EPS has significantly decreased, the substantial beat on sales estimates and strong YoY sales growth may offset the negative sentiment from the EPS drop. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100