Vivid Seats Q3 EPS $0.07 Beats $0.04 Estimate, Sales $188.13M Beat $153.64M Estimate
Portfolio Pulse from bharat@benzinga.com
Vivid Seats (NASDAQ:SEAT) reported Q3 earnings of $0.07 per share, beating the analyst consensus estimate of $0.04 by 75%. However, this is a 22.22% decrease from the same period last year. The company also reported quarterly sales of $188.13 million, beating the analyst consensus estimate of $153.64 million by 22.45%, and marking a 19.97% increase from the same period last year.
November 07, 2023 | 11:28 am
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POSITIVE IMPACT
Vivid Seats reported better than expected Q3 earnings and sales, despite a YoY decrease in earnings. This could potentially have a positive impact on the company's stock in the short term.
Vivid Seats reported Q3 earnings and sales that beat analyst estimates, which is generally seen as positive news and could lead to an increase in the company's stock price. However, the YoY decrease in earnings could temper this positive impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100