TriplePoint Venture Gwth Q2 2024 Adj EPS $0.33 Misses $0.44 Estimate, Sales $27.10M Miss $29.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
TriplePoint Venture Growth (NYSE:TPVG) reported Q2 2024 adjusted EPS of $0.33, missing the $0.44 estimate by 25%. Sales were $27.10M, missing the $29.36M estimate by 7.70% and down 22.90% from last year's $35.15M.
August 07, 2024 | 8:56 pm
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TriplePoint Venture Growth (NYSE:TPVG) reported Q2 2024 adjusted EPS of $0.33, missing the $0.44 estimate by 25%. Sales were $27.10M, missing the $29.36M estimate by 7.70% and down 22.90% from last year's $35.15M.
The significant miss on both EPS and sales estimates, along with a notable year-over-year decline in sales, is likely to negatively impact TPVG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100