Rumble Q3 EPS $(0.14) Vs $(0.01) Last Year, Sales $17.98M Miss $25.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rumble Inc. (RUM) reported a significant increase in Q3 losses to $(0.14) per share compared to $(0.01) last year, and missed sales estimates with $17.98M against the expected $25.36M. However, sales grew by 63.73% from the same period last year.
November 13, 2023 | 9:08 pm
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NEGATIVE IMPACT
Rumble Inc. (RUM) experienced a substantial increase in Q3 losses and missed revenue estimates, which could negatively impact investor sentiment and the stock price in the short term.
The reported earnings show a drastic increase in losses and a miss on revenue expectations, which are both critical factors that investors consider. The negative earnings report is likely to lead to a decrease in investor confidence and could result in a short-term decline in RUM's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100