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Shares of Party City Holdco (NYSE:PRTY) moved higher by 26% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share decreased 2900.00% year over year to ($0.28), which missed the estimate of ($0.19).
Revenue of $414,043,000 decreased by 19.31% year over year, which missed the estimate of $445,170,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Party City Holdco hasn't issued any revenue guidance for the time being.
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Date: Jun 12, 2020
Time: 08:00 AM
Recent Stock Performance
Company's 52-week high was at $7.99
Company's 52-week low was at $0.26
Price action over last quarter: Up 140.76%
Company Description
Party City Holdco Inc is a party goods retailer in North America that operates owned and franchised locations in the US, Canada, and Puerto Rico. Party City also sells internationally in countries like the UK, France, Germany, and Australia, among others. The company has two primary reporting segments: retail and wholesale. The retail operations sell through Anagram, Amscan, Designware, Costumes USA, and other party suppliers, such as Party City, Halloween City, and PartyCity.com. The wholesale segment sells party goods such as paper and plastic tableware, accessories and novelties, balloons, stationery, and gift items for all occasions. These products are sold by franchise stores, mass merchants, independent card and gift shops, dollar stores, and other retailers and global distributors.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.