Dolphin Entertainment Q3 EPS $(0.27) Down From $(0.14) YoY, Sales $10.19M Miss $13.14M Estimate
Portfolio Pulse from bharat@benzinga.com
Dolphin Entertainment (NASDAQ:DLPN) reported a significant increase in its quarterly losses to $(0.27) per share from $(0.14) per share year-over-year, and missed the sales estimate with $10.19M compared to the expected $13.14M. However, sales did see a slight increase of 2.89% from the same period last year.
November 14, 2023 | 9:26 pm
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NEGATIVE IMPACT
Dolphin Entertainment reported increased quarterly losses and missed sales estimates, which could negatively impact investor sentiment and the stock price in the short term.
The reported increase in losses and the miss on sales estimates are likely to be viewed negatively by investors, potentially leading to a decrease in stock price. The magnitude of the miss and the comparison to last year's figures are significant enough to suggest a strong negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100