iHeartMedia Q2 Sales $920.01M Beat $905.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
iHeartMedia (NASDAQ:IHRT) reported Q2 sales of $920.01 million, beating the analyst consensus estimate of $905.82 million by 1.57 percent. However, this represents a 3.56 percent decrease compared to the same period last year.
August 08, 2023 | 11:02 am
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iHeartMedia's Q2 sales exceeded estimates but are lower than last year's figures.
While iHeartMedia beat the Q2 sales estimates, the year-over-year decrease might concern investors. The mixed results make the short-term impact on the stock price uncertain.
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