Peraso shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and issued Q3 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Peraso shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and issued Q3 revenue guidance below estimates.
August 13, 2024 | 12:13 pm
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NEGATIVE IMPACT
Peraso shares are declining due to disappointing Q2 adjusted EPS results and lower-than-expected Q3 revenue guidance.
The company's worse-than-expected Q2 adjusted EPS results and lower Q3 revenue guidance are likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100