Cineverse shares are trading lower after the company reported worse-than-expected Q4 revenue results and a year-over-year decrease in Q4 EPS. Also, the company issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Cineverse reported lower than expected Q4 revenue and a year-over-year decrease in Q4 EPS. The company also issued FY24 revenue guidance below estimates, causing its shares to trade lower.
June 30, 2023 | 4:05 pm
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NEGATIVE IMPACT
Cineverse's lower than expected Q4 results and decreased FY24 revenue guidance may negatively impact its stock price.
Cineverse's lower than expected Q4 results and decreased FY24 revenue guidance are negative indicators for the company's financial health, which may lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100