Peraso (NASDAQ:PRSO) Posts Earnings Results, Misses Expectations By $0.02 EPS

Peraso (NASDAQ:PRSO) announced its quarterly earnings data on Wednesday. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02), Zacks reports. Peraso had a negative return on equity of 374.33% and a negative net margin of 142.26%.

Peraso Trading Up 3.1 %

Shares of Peraso stock traded up $0.03 during trading hours on Wednesday, reaching $0.83. 280,268 shares of the company’s stock were exchanged, compared to its average volume of 388,203. The stock has a market cap of $2.92 million, a P/E ratio of -0.05 and a beta of 1.62. The company has a 50 day moving average of $0.90 and a two-hundred day moving average of $1.14. Peraso has a fifty-two week low of $0.68 and a fifty-two week high of $2.34.

About Peraso

Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.