Salem Media Group Q2 EPS $(0.26) Misses $(0.10) Estimate, Sales $65.77M Beat $64.56M Estimate
Portfolio Pulse from saritha@benzinga.com
Salem Media Group reported Q2 losses of $(0.26) per share, missing the analyst consensus estimate of $(0.10) by 160%. This is a 178.79% decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $65.77 million, beating the analyst consensus estimate of $64.56 million by 1.88%. This is a 4.23% decrease over sales of $68.68 million the same period last year.
August 08, 2023 | 8:45 pm
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Salem Media Group's Q2 earnings per share missed estimates by a significant margin, while sales slightly beat estimates. This mixed result could lead to uncertainty in the market.
Salem Media Group's Q2 earnings per share missed estimates by a significant margin, which could negatively impact the stock. However, the company's sales beat estimates, which could have a positive effect. The mixed results make the short-term impact on the stock uncertain.
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RELEVANCE 100