Loop Media Q3 EPS $(0.14), Inline, Sales $5.74M Beat $5.50M Estimate
Portfolio Pulse from totan@benzinga.com
Loop Media (AMEX:LPTV) reported Q3 losses of $(0.14) per share, in line with analyst consensus. This is a 27.27% decrease from the same period last year. The company's quarterly sales of $5.74M beat the analyst consensus of $5.50M by 4.27%, but this is a 46.92% decrease from last year's sales.
August 08, 2023 | 9:14 pm
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NEGATIVE IMPACT
Loop Media's Q3 earnings were in line with estimates, but sales, while beating estimates, were significantly down YoY.
Loop Media's earnings were as expected, but the significant YoY decrease in sales, despite beating estimates, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100