Rumble Q3 EPS $(0.15) Down From $(0.01) YoY, Sales $24.97M Up From $10.98M YoY
Portfolio Pulse from Benzinga Newsdesk
Rumble (NASDAQ:RUM) reported Q3 losses of $(0.15) per share, a 1400% decrease YoY. However, the company's sales increased by 127.39% to $24.97 million compared to $10.98 million in the same period last year.
August 14, 2023 | 8:10 pm
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NEUTRAL IMPACT
Rumble's Q3 earnings report shows a significant increase in losses but also a substantial increase in sales.
Rumble's increased losses could negatively impact the stock price. However, the substantial increase in sales could offset this negative impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100