Cumulus Media Q3 EPS $0.16, Down From $0.45 YoY, Sales $207.42M Miss $207.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cumulus Media reported Q3 earnings per share (EPS) of $0.16, down from $0.45 year-over-year (YoY). The company's sales of $207.42M missed the estimate of $207.47M.
October 27, 2023 | 12:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cumulus Media's Q3 EPS fell to $0.16 from $0.45 YoY, and sales of $207.42M missed the estimate of $207.47M.
Cumulus Media's lower than expected Q3 earnings and sales could negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100