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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100