Creative Media Q2 EPS $(1.05) Misses $(0.40) Estimate, Sales $32.76M Beat $29.19M Estimate
Portfolio Pulse from bharat@benzinga.com
Creative Media (NASDAQ:CMCT) reported Q2 losses of $(1.05) per share, missing the analyst consensus estimate of $(0.40) by 162.5%. This is a 950% decrease from the same period last year. However, the company reported quarterly sales of $32.76 million, beating the analyst consensus estimate of $29.19 million by 12.23%, a 24.08% increase from last year.
August 10, 2023 | 11:35 am
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NEGATIVE IMPACT
Creative Media's Q2 earnings per share missed estimates by 162.5%, but sales beat estimates by 12.23%.
Creative Media's earnings per share missed estimates significantly, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100