Townsquare Media: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Townsquare Media (NYSE:TSQ) reported its Q3 earnings, beating estimated earnings by 43.75% with an EPS of $0.46, against an estimate of $0.32. However, revenue was down $5.53 million from the same period last year. Last quarter, the company missed on EPS by $0.3, which was followed by an 11.16% increase in the share price the next day.
November 09, 2023 | 11:05 am
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Townsquare Media's Q3 earnings beat estimates, but revenue was down YoY. Last quarter's EPS miss was followed by a share price increase.
Townsquare Media's earnings beat could lead to a positive short-term impact on the stock price, as it indicates better-than-expected profitability. However, the decrease in revenue YoY could be a concern for investors. The fact that the share price increased after last quarter's EPS miss suggests that the market may react positively to the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100