Reservoir Media Q2 EPS $0.01 Misses $0.02 Estimate, Sales $38.40M Beat $33.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reservoir Media (NASDAQ:RSVR) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.02 by 50%. This is a 85.71% decrease from the same period last year. However, the company reported quarterly sales of $38.40 million, beating the analyst consensus estimate of $33.19 million by 15.70%. This is a 15.43% increase from the same period last year.
November 07, 2023 | 12:01 pm
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Reservoir Media's Q2 earnings missed estimates by 50%, but sales exceeded estimates by 15.70%.
Reservoir Media's earnings miss could negatively impact the stock price in the short term. However, the sales beat might mitigate some of the negative impact.
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