Reading Intl: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Reading International (NASDAQ:RDI) reported Q3 earnings with an EPS of -$0.2, missing estimates by 600% compared to the expected $0.04. Revenue increased by $15.37 million from the same period last year. The company's previous earnings miss resulted in a 5.22% share price drop the following day.
November 14, 2023 | 2:15 pm
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NEGATIVE IMPACT
Reading Intl reported a significant earnings miss for Q3, with an EPS of -$0.2 against an estimate of $0.04, and a revenue increase from the previous year.
The substantial earnings miss by Reading Intl is likely to negatively impact investor sentiment in the short term, as historical data shows a previous miss led to a 5.22% drop in share price. The magnitude of the miss (600%) suggests a strong negative reaction could be expected.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100