Dolphin Entertainment Q2 Adj $(0.11) Misses $(0.06) Estimate, Sales $11.03M Beat $10.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dolphin Entertainment reported Q2 losses of $(0.60) per share, a significant increase from $(0.01) loss per share from the same period last year. However, the company's quarterly sales of $11.02 million beat the analyst consensus estimate of $10.74 million by 2.64 percent, marking a 7.12 percent increase over sales of $10.29 million the same period last year.
August 14, 2023 | 8:04 pm
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NEGATIVE IMPACT
Dolphin Entertainment's Q2 losses widened significantly, but sales beat estimates and showed a YoY increase.
The significant increase in losses per share could negatively impact Dolphin Entertainment's stock price. However, the fact that sales beat estimates and showed a YoY increase might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100