Paltalk Q2 EPS $(0.10) Misses $(0.08) Estimate, Sales $2.23M Miss $2.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paltalk (NASDAQ:PALT) reported Q2 earnings per share (EPS) of $(0.10), missing the analyst consensus estimate of $(0.08) by 25%. This represents a significant decline from $0.01 per share in the same period last year. The company also reported quarterly sales of $2.23 million, missing the analyst estimate of $2.66 million by 16.35%, and a 24.73% decrease from $2.96 million in the same period last year.
August 13, 2024 | 8:36 pm
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NEGATIVE IMPACT
Paltalk reported Q2 EPS of $(0.10), missing estimates by 25%, and sales of $2.23M, missing estimates by 16.35%. Both EPS and sales showed significant declines year-over-year.
The significant miss on both EPS and sales estimates, along with the substantial year-over-year declines, are likely to negatively impact Paltalk's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100