Priority Tech Holdings Q2 2024 GAAP EPS $(0.23) Misses $(0.05) Estimate, Sales $219.867M Beat $216.611M Estimate
Portfolio Pulse from Benzinga Newsdesk
Priority Tech Holdings (NASDAQ:PRTH) reported Q2 2024 GAAP EPS of $(0.23), missing the $(0.05) estimate by 360%. However, sales of $219.867M beat the $216.611M estimate, marking a 20.61% increase from the same period last year.
August 08, 2024 | 11:34 am
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NEGATIVE IMPACT
Priority Tech Holdings reported a significant EPS miss but a slight sales beat for Q2 2024. The EPS miss by 360% is likely to weigh heavily on investor sentiment, despite the 1.50% sales beat and 20.61% YoY sales growth.
The significant EPS miss by 360% is likely to overshadow the slight sales beat and YoY growth, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100