Perimeter Solutions Shares Drop After Disappointing Q2 Earnings Report
Shares of Perimeter Solutions (NYSE: PRM) are down sharply following the company's second-quarter earnings report, which fell short of analyst expectations. Revenue came in at $213.8 million compared to an expected $216.9 million, and adjusted EPS was reported at $0.35 versus a forecasted $0.42. Despite missing targets, the company showed year-over-year growth with revenue up 31% and EBITDA increasing by 16%. However, these positive figures were not enough to offset investor disappointment over earnings shortfalls. The stock dropped as much as 20.2%, though it later recovered slightly. Perimeter Solutions operates in a niche defense sector, primarily serving the U.S. Air Force and National Guard through its fire retardant products at airbases nationwide.
Tickers: $NVDA
Topics: adjusted eps q2 earnings report revenue miss stock decline