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Perion Network: Q2 Earnings Snapshot

August 3, 2022 GMT

HOLON, Israel (AP) _ Perion Network Ltd. (PERI) on Wednesday reported second-quarter net income of $19.5 million.

On a per-share basis, the Holon, Israel-based company said it had profit of 41 cents. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The digital media company posted revenue of $146.7 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $146.5 million.

Perion Network expects full-year revenue in the range of $620 million to $640 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PERI at https://www.zacks.com/ap/PERI