LiveOne Q1 EPS $(0.01), Inline, Sales $27.77M Miss $27.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
LiveOne (NASDAQ:LVO) reported Q1 losses of $(0.01) per share, meeting analyst consensus. This is a 150% decrease from last year's earnings. The company's quarterly sales were $27.77M, missing the analyst consensus of $27.82M by 0.18%. However, this is a 19.58% increase from last year's sales.
August 10, 2023 | 12:34 pm
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NEGATIVE IMPACT
LiveOne reported Q1 losses in line with estimates but missed sales estimates. Despite the miss, sales are up 19.58% YoY.
LiveOne's earnings report shows a significant decrease in earnings compared to last year, which could negatively impact investor sentiment. However, the YoY increase in sales might mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100