Cineverse Q1 EPS $(0.37) Misses $(0.06) Estimate, Sales $12.98M Miss $13.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cineverse (NASDAQ:CNVS) reported Q1 losses of $(0.37) per share, missing the analyst consensus estimate of $(0.06) by 516.67%. The company also reported quarterly sales of $12.98 million, missing the estimate of $13.51 million by 3.92%. This represents a 46.38% increase in losses and a 4.49% decrease in sales compared to the same period last year.
August 14, 2023 | 9:00 pm
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Cineverse's Q1 earnings missed estimates, with a larger than expected loss per share and lower sales. This could negatively impact the company's stock in the short term.
Cineverse's Q1 earnings were below expectations, with a larger loss per share and lower sales than estimated. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100