Chicken Soup for the Soul Q2 EPS $(1.50) Beats $(1.72) Estimate, Sales $79.91M Miss $120.09M Estimate
Portfolio Pulse from bharat@benzinga.com
Chicken Soup for the Soul (NASDAQ:CSSE) reported Q2 losses of $(1.50) per share, beating the analyst consensus estimate of $(1.72) by 12.79%. However, the company's quarterly sales of $79.91 million missed the analyst consensus estimate of $120.09 million by 33.46%. This represents a 112.32% increase over sales of $37.64 million the same period last year.
August 14, 2023 | 8:09 pm
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Chicken Soup for the Soul's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
While the company beat earnings per share estimates, which is generally positive for the stock, it missed on sales estimates, which is generally negative. These mixed results could lead to uncertainty and volatility in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100