Cineverse Q4 EPS $(0.35) Down From $(0.01) YoY, Sales $12.50M Miss $12.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cineverse (NASDAQ:CNVS) reported Q4 losses of $(0.35) per share, a 3400% decrease YoY. The company's quarterly sales were $12.50 million, missing the analyst consensus estimate of $12.60 million by 0.79%, a 25.82% decrease YoY.
June 29, 2023 | 8:09 pm
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Cineverse reported a significant YoY decrease in Q4 earnings and sales, missing analyst estimates.
Cineverse's Q4 report shows a significant decrease in earnings and sales compared to the same period last year. The company also missed the analyst consensus estimate, which could negatively impact investor sentiment and the stock price in the short term.
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