Paltalk Inc reports results for the quarter ended in June - Earnings Summary

Intelligent Protection Management

08/08/2023 23:02

* Paltalk Inc  PALT.OQ  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in June. The lone analyst
forecast for the quarter was for a loss of 4 cents per share.
    * Revenue rose 11.8% to $2.96 million from a year ago;
analysts
expected $3.14 million. 
    * Paltalk Inc's reported EPS for the quarter was 1 cent​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Paltalk Inc shares had fallen by 8.0% this quarter and
gained 30.3% so far this year.
    * The company reported quarterly net income of $135.63
thousand.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.04          0.01           Beat
 Mar. 31 2023      -0.05          -0.08          Missed
 Dec. 31 2022      -0.10          -0.05          Beat
 Sep. 30 2022      -0.07          -0.11          Missed