Cineverse Q2 EPS $(0.04), Total Revenue $13M, Down From $14M YoY
Portfolio Pulse from Benzinga Newsdesk
Cineverse reported a Q2 EPS of $(0.04) and total revenue of $13M, which is a decrease from $14M year-over-year.
November 14, 2023 | 10:27 pm
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NEGATIVE IMPACT
Cineverse's Q2 earnings report showed a loss per share of $(0.04) and a revenue decline to $13M from $14M in the previous year.
The reported loss in EPS and the decrease in revenue year-over-year are typically seen as negative indicators for a company's financial health and performance. This could lead to a negative short-term impact on Cineverse's stock price as investors may react to the company's declining revenue and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100