Peraso Q2 Adj $(0.88) Misses $(0.36) Estimate, Sales $4.24M Beat $4.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peraso (NASDAQ:PRSO) reported Q2 losses of $(0.88) per share, missing the $(0.36) estimate by 144.44%. However, sales of $4.24M beat the $4.12M estimate, showing a 76.36% increase from last year.
August 12, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Peraso reported Q2 losses of $(0.88) per share, missing the $(0.36) estimate by a significant margin. However, sales of $4.24M beat the $4.12M estimate, showing strong revenue growth.
The significant miss on earnings per share (EPS) is likely to negatively impact the stock price in the short term, despite the positive revenue growth. Investors may focus more on the larger-than-expected losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100