Reading Intl Q2 Sales $65.10M Miss $68.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reading Intl (NASDAQ:RDI) reported Q2 sales of $65.10 million, missing the analyst consensus estimate of $68.53 million by 5.01 percent. However, this is a 0.91 percent increase over sales of $64.51 million the same period last year.
August 14, 2023 | 1:08 pm
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NEGATIVE IMPACT
Reading Intl's Q2 sales missed analyst estimates by 5.01%, but showed a 0.91% increase from the same period last year.
Reading Intl's Q2 sales missed the analyst consensus, which could negatively impact investor sentiment and potentially lead to a short-term drop in the stock price. However, the year-over-year increase in sales might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100