Urban One Q4 EPS $0.02 Down From $0.12 YoY, Sales $132.60M Up From $130.97M YoY
Portfolio Pulse from Benzinga Newsdesk
Urban One (NASDAQ:UONE) reported Q4 earnings of $0.02 per share, a decrease of 83.33% YoY. However, the company's sales increased by 1.25% YoY to $132.60 million.
July 06, 2023 | 8:38 pm
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NEGATIVE IMPACT
Urban One's Q4 earnings per share decreased by 83.33% YoY, while sales increased by 1.25% YoY.
The significant decrease in earnings per share indicates a decline in profitability, which could negatively impact the stock price. However, the increase in sales suggests that the company's revenue generation is improving, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100