Perion Beats Expectations with $0.03 Earnings, Profit Surges Above Forecasts

According to Perion's (NASDAQ: PERI) report, third-quarter earnings per share were $0.23, exceeding analysts' expectations of $0.20 by $0.03. The reported earnings for this quarter were set at $102.2 million, while analyst expectations were at $100.05 million.

For the fiscal year 2024, Perion's profit is projected to be between $490.00 million and $510.00 million, compared to analyst forecasts of $500.50 million.

Perion's stock closed the day at $8.45, indicating a 0.84% increase over the past three months. However, the stock has lost 70.36% of its value over the last 12 months. In the last 90 days, Perion reported 0 positive earnings per share and 5 negative earnings per share.

You can review how Perion's stock price has reacted to past earnings reports. According to InvestingPro, Perion's financial health rating is "Good performance."

For the latest earnings reports and all financial information related to Perion, refer to the appropriate resources. Stay updated on all developments regarding financial statements by visiting the Investing.com Earnings Calendar.