Reservoir Media Q1 EPS $0.00 Beats $(0.03) Estimate, Sales $31.84M Beat $26.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reservoir Media (NASDAQ:RSVR) reported Q1 earnings of $0.00 per share, beating the analyst consensus estimate of $(0.03) by 103.33%. The company also reported quarterly sales of $31.84 million, surpassing the analyst consensus estimate of $26.51 million by 20.09%. This represents a 31.13% increase over sales of $24.28 million the same period last year.
August 04, 2023 | 10:57 am
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Reservoir Media's Q1 earnings and sales exceeded analyst estimates, which could positively impact the company's stock in the short term.
Reservoir Media reported better-than-expected Q1 earnings and sales, which often leads to a positive reaction in the stock market as it indicates the company is performing well financially. The 31.13% YoY increase in sales further strengthens this outlook.
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