Recap: Perion Network Q3 Earnings

Shares of Perion Network PERI moved higher by 0.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 16.67% over the past year to $0.21, which beat the estimate of $0.07.

Revenue of $83,413,000 higher by 26.81% from the same period last year, which beat the estimate of $79,240,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 08:00 AM

ET Webcast URL: https://www.perion.com/events-ir/

Recent Stock Performance

Company's 52-week high was at $9.70

52-week low: $3.43

Price action over last quarter: Up 23.71%

Company Overview

Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Makemereach and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.