Portman Ridge Finance Q2 2024 GAAP EPS $0.70 Beats $0.68 Estimate, Sales $16.337M Miss $17.227M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portman Ridge Finance (NASDAQ:PTMN) reported Q2 2024 GAAP EPS of $0.70, beating the estimate of $0.68. However, sales were $16.337M, missing the $17.227M estimate and showing a 16.76% decrease from last year.
August 08, 2024 | 8:48 pm
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Portman Ridge Finance reported Q2 2024 GAAP EPS of $0.70, beating the estimate of $0.68. However, sales were $16.337M, missing the $17.227M estimate and showing a 16.76% decrease from last year.
While the EPS beat the estimates, the significant miss on sales and the year-over-year decline in revenue could neutralize the positive impact of the earnings beat. Investors may have mixed reactions.
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RELEVANCE 100